What happens to foreign currency seized by Cuban authorities?

Jan 16, 2020 ... ... Cuba do not accept it as such. Mainly because 1) the layout of the card is quite different than most common credit cards and 2) it doesnt have ... Nov 5, 2014 ... Despite its successes, the prolonged use of this system has adversely affected Cuba's efficiency. ... What risks and advantages does currency ... 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 ... Nov 7, 2024 ... WOODS: So why doesn't Cuba have enough foreign currency? Is it ... does business with Cuba that uses that nationalized property. Jul 30, 2023 ... Cuba's official currency is the CUP - Peso Cubano. Foreign currencies (especially USD and EUR) are also widely used. Jun 6, 2024 ... Everyone will be happy to take Canadian money in resort towns. Cubans can NOT spend Canadian coins, only bills. ( At the resorts they exchange ... 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 ... 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 ... Naval Base Guantanamo Bay, Cuba uses the American dollar therefore there is no currency exchange requirements or availability. The base does not have a Welcome ... What currency does Cuba use? The official currency of Cuba is the Cuban peso (CUP). This is the only legal currency allowed in Cuba. However, more ...