What are the opportunities for foreign businesses in Cuba despite the currency challenges?

Aug 21, 2020 ... For nearly 30 years Cuba used two official currencies: the CUP (national peso) and CUC (convertible peso). However, in January 2021 the country moved to using ... Jul 30, 2023 ... Cuba's official currency is the CUP - Peso Cubano. Foreign currencies (especially USD and EUR) are also widely used. 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 ... 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 ... Jun 24, 2022 ... Another controversial issue is the currency used to deliver remittances in Cuba. The Cuban Convertible Peso no longer exists, and the ... 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 ... Dec 15, 2016 ... ... Cuba and what was at the time Czechoslovakia were part of the communist bloc. Cuba now does not have much money but it does have lots of rum ... ... currency with which to purchase automobiles and other American products. He ... have more knowledge of Cuba. It was pointed out that Mr. Hoyt3 had ... Dec 11, 2020 ... ... currency and multiple exchange ... HOW DOES CUBA'S MONETARY SYSTEM WORK? For nearly three decades, two currencies have circulated in Cuba ... May 26, 2024 ... While not as globally dominant as currencies like the US dollar or the euro, the peso—and particularly the Mexican peso—does have influence on ...