What are the potential benefits of greater financial transparency in Cuba?

If you've done some research on Cuba, you might have come across the fact that Cuba had two official currencies: the Cuban Convertible Peso (CUC), primarily ... 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 ... Please ensure you have sufficient cash for your trip. U.S. dollars can be exchanged into Cuban currency at the airport, hotels, or exchange houses. 2 days ago ... Monetary instruments do not include (i) checks or money orders made payable to the order of a named person which have not been endorsed or ... 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 ... The Cuban Peso, which is used for the vast of purchases by Cuban residents, cannot freely be converted to any other currency. Oct 8, 2024 ... The Cuban government has, for years, fixed the Cuban peso to the U.S. dollar. This creates a schism between the official rate and the rate that ... Jan 25, 2024 ... Others point to the damage caused by longstanding US economic sanctions that, to varying degrees, have been in place since 1962. But which of ... 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 ... Jun 21, 2024 ... Just take American cash, nothing larger than $20 so you don't get too much change in pesos. Take a credit card issued by a Canadian bank because ...