Definitions for cuban peso
This page provides all possible meanings and translations of the word cuban peso
Cuban peso, peso(noun)
the basic unit of money in Cuba; equal to 100 centavos
The peso is one of two official currencies in use in Cuba, the other being the convertible peso. It is subdivided into 100 centavos. Cuban state workers receive a portion of their wages in convertible pesos, the rest in national pesos. Shops selling basics, like fruit and vegetables, generally accept only the normal peso, while "dollar shops" sell the rest. The word "pesos" may refer to both non-convertible and convertible money. Cuban convertible pesos are 25 times more valuable, but this does not completely eliminate the confusion for tourists: since goods bought in national pesos have controlled prices, tourists are sometimes confused by prices perceived as "too cheap."
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