The Cuban Peso (CUP) is Cuba's official currency, used for local transactions and historical purposes. Explore its history and place in Cuba's monetary system.

HAVANA (Reuters) - The Cuban peso was trading on the informal market at an all-time low of 230 to the dollar on Wednesday, slumping to half its value a year ago as consumers struggle with surging ...

MICHAEL J. BUSTAMANTE is Emilio Bacardí Moreau Chair in Cuban and Cuban-American Studies at the University of Miami and the author of Cuban Memory Wars: Retrospective Politics in Revolution and Exile.

HAVANA -The Cuban peso traded on the informal market at an all-time low of 400 to the dollar on Monday, as the partial dollarization of the state-dominated economy gained momentum, stoking social ...

For more than two decades, Cubans have used a unique dual currency system to protect a fragile economy, but with just weeks of his mandate remaining, President Raul Castro has signaled much-delayed ...

Cuba’s looming constitutional referendum and nagging structural economic problems mean it’s unlikely the island’s leaders will take on the much-need unification of Cuba’s two currencies this year, ...

After more than 25 years, Cuba is doing away with its dual currency system and getting rid of the Cuban Convertible Peso. What does the change mean for Cubans and for Cuban-Americans trying to help ...

HAVANA (Reuters) - Cuba said late on Thursday it would scrap its dual currency and labyrinthine multiple exchange rate system in January, effectively devaluing the peso heavily to administer bitter ...