Which currency was primarily used by locals in the dual currency system?

Apr 27, 2024 ... Cubans have to grapple with yet another hurdle while navigating an ... currencies circulate, including a virtual currency, MLC, created in 2019. Cubans are paid CUPs, or Cuban national pesos, but most consumer goods are priced in CUCs, or Cuban convertible pesos. The Cuban peso (in Spanish peso cubano, ISO 4217 code: CUP) also known as moneda nacional, is the official currency of Cuba. Cuba operates as a dual economy. The main currency used is the Cuban convertible peso which is used by its tourists. Learn more about the currency used in ... As for type of currency, tourists are encouraged to use Cuban Pesos (CUP). You can exchange or buy them at the airport or resort. Cubans are also happy ... 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 ... 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 ... 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 ... Jan 14, 2021 ... Cuba removed from circulation the convertible peso (CUC); only the CUP and USD will remain. · Cubans can exchange their convertible pesos (CUCs) ... Jan 30, 2018 ... Cuba has two currencies: you'll hear these referred to as the local currency, or Cuban Peso, and the Cuban Convertible Currency, or Cuban currency for tourists.