What are the key policy priorities for the Cuban government in the years ahead?

The Cuban Peso, which is used for the vast of purchases by Cuban residents, cannot freely be converted to any other currency. Feb 15, 2024 ... Instead, clients in Cuba receive the money in a virtual currency known as MLC. And Cuban banks, which do not have enough foreign currency, do ... What kind of currency and forms of payment can I use in Cuba? The official currency in Cuba is the Cuban Peso (CUP), with 100 cents equaling one peso. There ... Cubans are paid CUPs, or Cuban national pesos, but most consumer goods are priced in CUCs, or Cuban convertible pesos. 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 ... 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 ... Dec 16, 2020 ... Alongside the Cuban peso it created the CUC, a convertible currency pegged to the dollar at one to one. It hoped this would prevent Cubans from ... Feb 13, 2023 ... Why does Cuba have two currencies? Cuba has a somewhat complex dual currency system, using both the Cuban Peso (Moneda Nacional / CUP) and ... Dec 11, 2020 ... ... currency and multiple exchange ... HOW DOES CUBA'S MONETARY SYSTEM WORK? For nearly three decades, two currencies have circulated in Cuba ... 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.