What are the risks associated with using unofficial currency exchange markets?

Do the people have the right to organize in different political parties or other competitive political groupings of their choice, and is the system free of ... Apr 27, 2024 ... Cubans have to grapple with yet another hurdle while navigating an ... currencies circulate, including a virtual currency, MLC, created in 2019. 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. You will be denied entry if you do not have a valid travel document or try ... The Cuban national peso (CUP – 'moneda nacional') is the official currency and ... 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 ... The only official currency in Cuba since January 1, 2021 is the CUP (Cuban Pesos). It is important to mention that the exchange of US dollars to Cuban pesos is ... Jan 7, 2025 ... For more than 20 years, two different currencies circulated in Cuba, the Cuban Peso (CUP) and the Convertible Peso (CUC). 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 ... 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 ... Two currencies are used in Cuba: the Cuban peso (CUP) and Cuban peso convertible (CUC). This is something like crowns and vouchers in former CSSR in the past.