Definitions for cuban peso
cuban pe·so

Princeton's WordNetRate this definition:0.0 / 0 votes

1. Cuban peso, pesonoun

   the basic unit of money in Cuba; equal to 100 centavos

WikipediaRate this definition:0.0 / 0 votes

1. Cuban peso

   The Cuban peso (in Spanish peso cubano, ISO 4217 code: CUP) also known as moneda nacional, is the official currency of Cuba. The Cuban peso historically circulated at par with the Spanish-American silver dollar from the 16th to 19th centuries, and then at par with the U.S. dollar from 1881 to 1959. The Castro government then introduced the socialist planned economy and pegged the peso to the Soviet ruble. The Soviet Union's collapse in 1991 resulted in a Special Period of difficult economic adjustments for Cuba. From 1994 to 2020 the Cuban peso co-circulated with the Cuban convertible peso (ISO 4217 code "CUC"; colloquially pronounced "kook" in contrast to the CUP, often pronounced "koop"), which was convertible to and fixed against the U.S. dollar, and which was generally available to the public at a rate of US$1 = CUC 1 = CUP 25. State enterprises under the socialist planned economy, though, were entitled to exchange CUPs into CUCs and U.S. dollars at the official, subsidized rate of US$1 = CUC 1 = CUP 1, within prescribed limits. From 1 January 2021 Cuba implemented the so-called "Day Zero" of monetary unification which abolished the Cuban convertible peso as well as the 1 CUP/USD rate for state enterprises. Henceforth the Cuban Peso became the only legal tender in Cuba, CUCs were converted at the rate of 24 CUP/CUC, and a single official exchange rate of 24 CUP/USD became applicable for both public and private transactions. However, demand for hard currency made these exchange rates unavailable in the informal market.

ChatGPTRate this definition:0.0 / 0 votes

1. cuban peso

   The Cuban peso is the official currency of Cuba, used primarily by Cuban residents. Its symbol is $ or CUP, to differentiate it from other currencies denominated in pesos. It is subdivided into 100 centavos. Note that Cuba also uses a second official currency for tourists, known as the Cuban Convertible Peso (CUC).

WikidataRate this definition:0.0 / 0 votes

1. Cuban peso

   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."

Matched Categories

1. • Cuban Monetary Unit

How to pronounce cuban peso?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say cuban peso in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of cuban peso in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of cuban peso in Pythagorean Numerology is: 6

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=cuban peso
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Cuban_Peso
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=cuban peso