Cuban Convertible Peso (CUC) Profile
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.