How can Cuba improve its balance of payments?

Do you have questions about sending money to Cuba? How can I send money to Cuba with Fonmoney? In what currency can I pay for my money transfer to Cuba? Nov 10, 2015 ... Later on in 2004 the government decided to forbid using foreign currencies at stores and hotels, and they forced Cubans and tourist alike to ... Jan 7, 2024 ... ... do in Cuba. I generally prefer to use ATMs to get local currency but it appears that ATMs might not be readily available and reliable. Nov 28, 2019 ... The issue of this fee had not attracted much attention from Cubans, since individuals used predominately the national currency (CUP) and the ... May 9, 2022 ... Now, with more than 5 million Cubans using mobile internet, informal estimates put the number of Cubans using currencies like bitcoin, ethereum ... What is the Best Currency to Use in Cuba? Legally, the only currency you can use in Cuba is the Cuban peso (CUP). However, most Cubans would be glad to accept ... Feb 10, 2021 ... In 1994, the Cuban government introduced a new “convertible” Cuban peso (CUC) to substitute the US dollar for use in Cuba at an exchange rate of ... Two currencies are used in Cuba: the Cuban peso (CUP) and Cuban peso convertible (CUC). This is something like crowns and vouchers in former CSSR in the past. The Cuban National Peso (CUC$) is the national currency. This is a closed currency; it can only be obtained and used in Cuba, making it worthless outside of ... Feb 26, 2025 ... The currency doesn't exist as cash and its value is pegged with the US dollar. It's used mainly by Cubans with special magnetic cards.