Cuban Peso Wiki
In Cuba, until 1 January 2021, there are two currencies, both called peso. One is the "Cuban peso" (in Spanish moneda nacional, ISO 4217 code: CUP) and the other is the Cuban convertible peso (ISO 4217 code: CUC, often called "dollar" in the spoken language). Both currencies are subdivided into 100 centavos. The CUC was pegged to the US dollar at par, while the CUP is currently 25 CUP = 1 CUC = US$1, for cash exchanges. Both currencies are not traded internationally, and they cannot be bought in advance outside Cuba. Importation/exportation of CUCs is prohibited.On 10 December 2020, it was announced that CUCs will start to be withdrawn from circulation from 1 January 2021, leaving the CUP as the only currency in circulation, pegged at US$1 = 24 CUP. From that date, CUCs could only be exchanged in banks or CADECAs, or used in certain shops. This move technically devalued the peso, compared to the "official" 1:1 rate used by Cuban state-owned businesses.Prior to unification of the currencies on 1 January 2021, Cuban state workers received their basic wages in CUPs, but some also received a portion of their salary in CUCs. Until 2014, most shops accepted payment only in one of CUP or CUC, depending on whether they were selling staple domestic goods or imported goods. From 2014, many state-owned shops began to accept either currency, in preparation for future unification of the two currencies. CUC coins are distinguishable from CUP coins, as CUC coins have an octagonal shape within the outer round rim. The only exception is the most common CUP coin, the 1 CUP peso, which also has this octagonal shape; while CUC currency shows monuments, and CUP bills have portraits. With currencyconverts.com you can convert ($MN) to any other foreign currency. To convert a certain amount of Cuban Peso use currency converter. This page provides a free online information about currency conversion or exchange rates for world fiat currencies. Exchange rates for is calculated from mid-market real price and updates daily. Usually people search for CUP exchange rate before business travel to Cuba, or during trip to other countries and want to check rate of Cuban Peso in local money. On this page you can convert to main foreign currencies, get fast access to most used amounts of CUP or aether calculate any amount of Cuban Peso in other fiat money.