What were the effects of past devaluations?

The only Cuban currency nowadays is the CUP. Which should make things more simple, right? WRONG!!! Cuba is edging towards a digital economy and your bank cards ... Dec 11, 2023 ... There were two currencies in circulation, the Cuban peso (CUP) and the convertible peso (CUC), as well as limited use of the US dollar. Exchange ... Feb 13, 2023 ... Why does Cuba have two currencies? Cuba has a somewhat complex dual currency system, using both the Cuban Peso (Moneda Nacional / CUP) and ... The Communist Party or one of its front organizations approves candidates for any elected office. Citizens do not have the right to change their government. In ... Jul 24, 2003 ... The Castro government has over $12 billion in largely overdue debt; those creditors will have first claim on new money. Fact: If U.S. tourists ... Jan 24, 2025 ... “[The authorities] need the dollar because the Cuban peso isn't a credible currency, it's not a stable currency. The payment system associated ... What Kind of Money is Used in Cuba? ... The Cuban currency is known as the CUP, or Cuban Peso. It is also referred to as "moneda nacional" - or "national money". Apr 3, 2025 ... ... Cuba with limited case-by-case humanitarian exemptions approved by the ... currency and resources used to repress the Cuban people. The ... Nov 7, 2024 ... WOODS: So why doesn't Cuba have enough foreign currency? Is it ... does business with Cuba that uses that nationalized property. The official Cuban currency is known as the CUP, or Cuban Peso. It is also referred to as “moneda nacional” (“national money”).