The peso (ISO 4217 code: CUP, sometimes called the "national currency" or in Spanish moneda nacional) is one of two official currencies in use in Cuba, the other being the convertible peso (ISO 4217 code: CUC, occasionally called "dollar" in the spoken language). There are currently 25 CUP per CUC. Most Cuban state workers receive their wages in national pesos, but some receive a portion of their salary in convertible pesos. Shops that sell basics like fruit and vegetables generally accept only the normal peso. "Dollar shops" sell the rest. The word "pesos" may refer to both types of money. Cuban convertible pesos are 25 times more valuable, but that does not completely eliminate the confusion for tourists. Since goods bought in national pesos have government-controlled prices, tourists are sometimes confused by prices that look "too cheap". The hard (CUC) pesos are easy to tell apart from the national (CUP) ones, as CUC coins have an octagonal shape within the outer round rim. The only exception to this is the most common CUP coin, the 1 peso, also has this octagonal shape. Also, CUC currency shows monuments, and CUP bills have portraits.
"Half of my heart is in #havana !" About a year ago we did location scouting in #cuba . Looking forward to #filming there in the future! Love the #afrocuban sounds! #steelpan #steeldrum #cubano #rum #pesotaxi #cubanpeso
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With the news this week that the US and Cuba will resume diplomatic relations for the first time in over 50 years, many will want to visit Cuba for the first time. It's important to note that while the US is indeed loosening travel restrictions to Cuba, it is not yet officially allowing tourism. In order to...
Cuba's central bank on Thursday quashed rumors that it would withdraw one of the Communist-run island's two currencies from circulation over the weekend, after nervous Cubans had rushed in recent days to exchange their CUCs for pesos.