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During a busy lunch rush at Havana, a Cuban restaurant in Arcata, Executive Chef Lisvany Ortega sat at a small wooden table, ...

The informal currency market in Cuba experienced a significant rise in the euro's value this Tuesday, with an increase of ...

This week began with unexpected shifts in Cuba's informal currency exchange market. As of Monday, the exchange rate for the ...

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.

and the Convertible Cuban Peso (CUC) are both legal tender on the island, though neither are convertible in the foreign exchange markets. CUC is pegged to the dollar and most goods are valued in that ...

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 ...

who is paid in Cuban pesos -- which he then converts into MLC, a virtual currency introduced in 2019 that has lost much of its value. As Michael was leaving the dollar-denominated store ...

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 recent efforts by the Cuban government to unify the country’s currency have led to an increase ... Entrepreneurs and small business owners hoard Cuban pesos to trade illegally for foreign ...