Cuba Headlines

Cuba's Dual Currency Dilemma: The Central Bank's "Floating Rate" Sinks Against Real Market Forces

The value of the U.S. dollar (USD) surged to 470 Cuban pesos (CUP) in the informal market on Tuesday, while the euro (EUR) climbed to 505 CUP, as

What Is the Cuban Peso (CUP)? History and Currency Insight

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.
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Where is Cuba's money? Secret records show the military has massive cash hoard

For most people in Cuba, life on the island has in recent years taken a tragic turn: The economy has collapsed, the poorest Cubans dig food from trash heaps, and many die from lack of medications, while the government's response has largely amounted to ...
U.S. News & World Report

Cuban Currency Hits Record Low as Dollarization Gains Ground

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 tensions amid scarcity of basic goods, runaway inflation ...
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