Tag Archive: Cuba

• Sep-17-2022

  Cuba – Limit for the import and export of Cuban pesos increased.

  The Central Bank of Cuba has increased the amount of Cuban pesos that travelers may take in or out from...

• Aug-3-2022

  Cuba – Central Bank sets new exchange rate at CUP 120 per USD.

  As of tomorrow 4 August 2022 Banco Central de Cuba will set the buying rate for U.S. dollars at 120...

• Jun-4-2022

  Cuba – Redemption extended for pesos convertibles.

  Banknotes denominated in pesos convertibles (CUC) will be redeemable for additional 90 days starting 17 June until 14 September 2022...

• Dec-30-2021

  Cuba – Redemption of pesos convertibles ends tomorrow.

  Tomorrow is the last day for Cubans to redeem banknotes denominated in “Pesos Convertibles”. First issued in 1994 by Banco...

• Jul-30-2021

  Cuba – Forgeries of 1,000 pesos banknotes.

     You saw it first here… It has been reported in social media that there are forged banknotes of 1,000...

• Jun-16-2021

  Cuba – Redemption of pesos convertibles extended.

     You saw it first here… According to news published today 16 June 2021 by Granma an Executive Order of...

• Dec-11-2020

  Cuba – End of pesos convertibles.

    Miguel Díaz Canel, Cuba’s president, and Raul Castro, heard of the Cuban Communist Party, announced late yesterday that the...

• Sep-22-2020

  Cuba – Central Bank denies rumors of CUP/CUC unification.

  Banco Central de Cuba denied last week the unification of its two currencies, the peso cubano (CUP) and the peso...

• Aug-7-2020

  Cuba – MLC stores opened in July.

  On 20 July the Cuban government has opened a network of “MLC” stores. MLC stands for “Moneda libre convertible” (Freely...

• Dec-5-2019

  Cuba – Which foreign currencies are accepted in Cuba?

  Banco Central de Cuba considers the following as “freely convertible currencies” or MLC (monedas libremente convertibles:    Canadian dollars  ...

• Dec-2-2019

  Cuba – Is the “peso convertible” on the way out?

  Recent measures taken by the Banco Central de Cuba and other entities are diminishing the role of the CUC, the...

• Nov-16-2019

  Cuba – New commemorative banknote.

  The Banco Central de Cuba has issued yesterday a special banknote of 500 pesos (CUP500.2) to commemorate the 500th Anniversary...

• Apr-18-2018

  Cuba – Parallel market.

  There is a lively parallel market for U.S. dollars in Cuba, as seen in ads published in the webpage Revolico....

• Jan-7-2018

  Cuba – Dual monetary system to be eliminated.

  After Raul Castro advocated in Parliament for the prompt elimination of the dual currency system, the Convertible peso lost some...