How has inflation been affected by the currency unification?

Cuba has two currencies, and understanding the difference between the two can be a bit confusing. We'll do our best to outline the practical ways of using ... Oct 7, 2020 ... Second is the so-called Convertible Peso (CUC), whose value is pegged to the US dollar, and is generally used to pay for more luxury items. Jan 11, 2021 ... Gonzalez: Do you have an estimate for how much prices ... If we cannot buy dollars for any other foreign currency at the state banks using ... 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. As for type of currency, tourists are encouraged to use Cuban Pesos (CUP). You can exchange or buy them at the airport or resort. Cubans are also happy ... The official Cuban currency is known as the CUP, or Cuban Peso. It is also referred to as “moneda nacional” (“national money”). 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 ... Then, in 2004, the government banned their use in shops and other businesses and replaced them with a second Cuban currency: convertible pesos (CUC). The ... Apr 27, 2024 ... For example, the official rate used by government industries and agencies is 24 pesos to the U.S. dollar, while for individuals, the rate is 120 ... May 8, 2017 ... ... use the language he had learned and to gain access to hard currency. ... do not have access to the formal training they need to be successful.