Cuban Peso to Cuban convertible peso — exchange rate

Country of Circulation: Cuba

Currency Code, Symbol: CUP, ₱

Denominations of coins in circulation: 20¢, $1, $3, $5

Denominations of banknotes in circulation: $1, $3, $5, $10, $20, $50, $100, $200, $500

History: The Cuban peso ($MN) is the national currency of Cuba used along with the convertible peso. Traditional abbreviation is CUP. One peso can be exchanged for 100 small coins – centavos.The currency was issued in 1857. Before that, the country used the Spanish real for payment. In tourism, the country still uses another currency, which is the convertible Cuban peso. However, recently it has become possible to pay with American dollars in shops and hotels. The government is planning to completely remove the convertible currency and to leave CUP only.Read More

Country of Circulation: Cuba

Currency Code, Symbol: CUC, CUC$

Denominations of coins in circulation: 5¢, 10¢, 25¢, 50¢, $1

Denominations of banknotes in circulation: $1, $3, $5, $10, $20, $50, $100

History: The Cuban convertible peso ($) is one of the two currencies used in Cuba. For ease and conversion operations, people use the name CUC. The name has become a reason for an unofficial name of the currency.It is often called cuc. One peso can be exchanged for 100 centavos. The convertible peso was introduced in Cuba in 1994 to allow for an easier payment process for tourists and diplomats within the country. The introduction of the convertible peso as a second currency has led to an increase in fraud directed at foreign citizens. Since 2013, Cuba has started to gradually decrease the use of this currency, turning to the regular Cuban peso.Read More