Since the collapse of the Soviet Union, Cuba has used either American currency or a peso that's pegged to the dollar alongside its national peso. The country says it will unify the two currencies.

HAVANA (AP) — Cuba will eliminate a currency pegged to the dollar as part of a move to end its unique double-currency system, which had become a symbol of economic inequality to many islanders ...

The Cuban government announced Tuesday it plans to end the country’s dual-currency system. Presently, most Cubans are paid in the Cuban peso, or CUP, while the vast majority of goods on the ...

Convert Russian Ruble To Cuban Peso 1 RUB = 0.322766 CUP Jun 14, 2025 13:39 UTC Check the currency rates against all the world currencies here.

But the devaluation of the currency at 24 Cuban pesos to 1 CUC means they’ll lose a significant amount of money in doing so, something that is likely to hit private-sector workers who have been ...

Cubans exchange Cuban peso (CUP) and convertible peso (CUC) notes. The Cuban government first announced it intended to unify its dual currency system in October 2013, but it hasn’t happened yet.

Cuba announced on Monday it would begin exchanging dollars and other foreign currency for the local peso on a limited basis after a two-year hiatus during which residents turned to an informal ...

Cuba will end the two-currency system it has used for nearly 20 years. Since the collapse of the Soviet Union, Cuba has used either American currency or a peso that's pegged to the dollar ...

The Cuban government announced Tuesday it plans to end the country’s dual-currency system. Presently, most Cubans are paid in the Cuban peso, or CUP, while the vast majority of goods on the ...