Cuban convertible peso
The convertible peso (sometimes given as CUC$ and informally called a cuc or a chavito) was one of two official currencies in Cuba, the other being the Cuban peso. It has been in limited use since 1994.
On 8 November 2004, the U.S. dollar was officially no longer accepted in Cuba (though unofficially it was). Its value was increased to US$1.08 in April 2005, but went back to US$1.00 on 15 March 2011.
On 22 October 2013, it was announced that the convertible peso would end, being gradually unified with the lower-value Cuban peso.[1] On 10 December 2020, it was announced that the convertible peso will no longer be in effect, from 1 January 2021.
Cuban Convertible Peso Media
A sign in 2016 informing that prices are in CUC but can be paid in CUP (cash and card admitted). Change was returned in CUC.
Exchange rates in 2013 at the airport.
- Benzinstacio (Havano, Kubo).jpg
Gasoline pump showing prices in CUC (1.10 CUC/liter) in 2015.
- CharcuterÃa Centro Comercial Plaza Carlos III 20160305 132233.jpg
Shop in 2016 showing prices in CUP and CUC.
- CUC $.05 obverse coin.gif
CUC $.05 obverse coin
References
- ↑ "Cuba to scrap two-currency system in latest reform". BBC News. 12 October 2013. Retrieved 22 October 2013.
