What are the main drivers of inflation in Cuba?

Jan 2, 2025 ... You should absolutely bring US dollars to Cuba, even if you are not traveling from the US. This is because you will pay for most of your ... 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. The official Cuban currency is known as the CUP, or Cuban Peso. It is also referred to as “moneda nacional” (“national money”). 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 ... 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 ... 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 ... Sep 15, 2021 ... CSIS does not take specific policy positions. Accordingly, all views, positions, and conclusions expressed in this publication should be ... How do I get Cuban pesos, and what is the exchange rate? Cuba's currency is called the peso, CUP, or moneda nacional. Visitors can purchase Cuban pesos at ... 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 ... What Kind of Money is Used in Cuba? ... The Cuban currency is known as the CUP, or Cuban Peso. It is also referred to as "moneda nacional" - or "national money".