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 ...

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, ...

With Cuba suffering through its worst economic crisis in decades, the government is getting ready for a risky currency unification to put its finances in order. The unification of the peso and the ...

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.