What is the level of income inequality in Cuba?

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 ... 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. 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. 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 ... 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 ... 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 ... 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 ... 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. What currency is used in Cuba? Cuba uses the convertible peso (CUC) and ... Using a Cuban passport for this purpose does not jeopardize one's U.S. ... Apr 28, 2023 ... You can bring up to USD$5,000 in cash into Cuba so any amount in excess of that you'll have to declare it to Cuban Customs upon arrival. Do ...