For the third consecutive day, the monitoring by elToque of foreign currency values in Cuba's informal market reveals no ...

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The euro has unexpectedly surged in recent hours, climbing five pesos in Cuba's informal exchange market this Tuesday.

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

The Cuban convertible peso or "chavitos" are equivalent to one US dollar. However the "convertible" description of the new currency is questioned since it's only accepted in Cuba although it ...

This includes eliminating the double currency system ... Cuba has two currencies: the Cuban convertible peso (CUC), equivalent to 1.08 U.S. dollars, and the national peso (CUP), valued only ...

The document does not explain it, but unofficial peso exchange rates for the dollar, the euro and a Cuban virtual hard currency known as the MLC are significantly more attractive than the ...

peso is the legal tender in Cuba and is used by the majority of the ... the peso skyrocketed after the unification of its national currency was launched. In addition, the non-payment of ...