kids encyclopedia robot

Cuban convertible peso facts for kids

Kids Encyclopedia Facts

The convertible peso (sometimes given as CUC$ and informally called a cuc or a chavito) was one of two official currencies in Cuba, the other being the Cuban peso. It has been in limited use since 1994.

On 8 November 2004, the U.S. dollar was officially no longer accepted in Cuba (though unofficially it was). Its value was increased to US$1.08 in April 2005, but went back to US$1.00 on 15 March 2011.

On 22 October 2013, it was announced that the convertible peso would end, being gradually unified with the lower-value Cuban peso. On 10 December 2020, it was announced that the convertible peso will no longer be in effect, from 1 January 2021.

Images for kids

  • Cartel Centro Comercial Plaza Carlos III 20160305

    A sign in 2016 informing that prices are in CUC but can be paid in CUP (cash and card admitted). Change was returned in CUC.

  • Курсы обмена в аэропорту - panoramio

    Exchange rates in 2013 at the airport.

  • Valle de Viñales-Unidad mixta (3)

    Ration items advertised with prices in CUP valid for January 2015.

  • Benzinstacio (Havano, Kubo)

    Gasoline pump showing prices in CUC (1 CUC/liter) in 2015.

  • Charcutería Centro Comercial Plaza Carlos III 20160305 132233

    Shop in 2016 showing prices in CUP and CUC.

See also

Kids robot.svg In Spanish: Peso cubano convertible para niños

kids search engine
All content from Kiddle encyclopedia articles (including the article images and facts) can be freely used under Attribution-ShareAlike license, unless stated otherwise. Cite this article:
Cuban convertible peso Facts for Kids. Kiddle Encyclopedia.