Cuban Convertible Peso (CUC) Profile

Currency name

Cuban convertible peso CUC converter to world currencies »

Currency code

CUC

Currency symbol

CUC$

Subunit

1/100, centavo convertible (symbol: ¢ or c)

Coins freq used

CUC$1, 1¢, 5¢, 10¢, 25¢, 50¢

Coins rarely used

CUC$5

Banknotes freq used

CUC$1, CUC$3, CUC$5, CUC$10, CUC$20, CUC$50, CUC$100

Banknotes rarely used

Central bank

Central Bank of Cuba (www.bc.gov.cu)

Currency users

Cuba

Currency notes

Nickname: chavito

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Currency user list

Users:

The Cuban Convertible Peso (CUC) is a currency used in Cuba primarily for international transactions and by tourists. It is also known as the "dollar" in Cuba due to its close value to the US dollar.

While it is used for certain transactions, the regular currency used by Cuban citizens is the Cuban Peso (CUP).

History:

The Cuban Convertible Peso was introduced in 1994 as a response to the economic crisis faced by Cuba after the collapse of the Soviet Union.

The CUC was initially pegged to the US dollar at a 1:1 exchange rate, but in 2011, a 10% surcharge was imposed on USD exchanges, making the exchange rate 1 CUC = 1.10 USD.

Coins and Banknotes:

The Cuban Convertible Peso is subdivided into 100 centavos, although centavos coins are not commonly used in practice.

Coins:

Coins currently in circulation are 1, 5, 10, 25, and 50 centavos, as well as 1 CUC.

Banknotes:

The most commonly used banknotes are 1, 3, 5, 10, 20, 50, and 100 CUC.

Each banknote typically features important historical figures, landmarks, and symbols of Cuba.