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	Convertible Peso Emerges Fortified
		He mentioned that the convertible peso is already being accepted by international airlines and companies investing on the island that have opted for changing their accounts in Cuban banks from dollars to the national currency.
		The convertible peso, established in the 1990s, has the same value as the dollar and is the only acknowledged currency on the island.
		Convertible pesos will continue to be exchangeable with the dollar and other hard currencies according to the international market rate.
	www.anti-imperialist.org /Cuba-peso_11-20-04.htm (803 words)

	Cuban convertible peso - Wikipedia, the free encyclopedia
		Banknotes in circulation are 1, 3, 5, 10, 20, 50, and 100 convertible pesos.
		From 1993 until 2004, the Cuban currency was split between the Cuban peso, used mainly by Cuban citizens for staples and non-luxury items, and the U.S. dollar in combination with the convertible peso, which was used for tourism, and for luxury items.
		From its introduction until 2005, the convertible peso was pegged to the U.S. dollar at 1:1.
	en.wikipedia.org /wiki/Cuban_convertible_peso (416 words)

	cuba currency, cuban currencies, cuba money , cuban money cuban currency trading online currency trading
		The exchange to the Pesos convertible into american dollas is fixed, one to one to the equivalent of 1 american dollar, as established by the Central Bank of Cuba.
		The Cuban Convertible Peso is nothing more than an attempt made by the Cuban financial authorities to take out all USD currently in circulation, and offer a currency that is in all senses equal to those USD.
		The exchange of the Cuban Peso with the USD or the Convertible Peso is of 1/24 (March/2005).
	www.acrosscuba.com /index.php?L=3&B=35 (1244 words)

	Inter Press Service News Agency
		Thousands of Cubans throughout the country have been flocking to currency exchange bureaux since Mar. 18, eager to change dollars into pesos in the face of rumours that the Cuban currency would be even further appreciated, and that the exchange rate could reach as low as 10 or 15 pesos to a dollar.
		The vast majority of Cubans are employed by the state, and receive all or most of their salaries in Cuban pesos.
		The new Central Bank of Cuba resolution notes that when the convertible peso was created in 1994, the rate of exchange in relation to the U.S. dollar was set at par, and has been maintained for the last 11 years.
	www.ipsnews.net /africa/sendnews.asp?idnews=28029 (966 words)

	Cuban peso - Wikipedia, the free encyclopedia
		Coins in circulation are 1, 2, 5, 20 and 40 centavos and 1 and 3 pesos.
		Banknotes in circulation are 1, 3, 5, 10, 20, 50 and 100 pesos.
		Cuban state workers receive a portion of their wages in convertible pesos, the rest in the normal pesos.
	en.wikipedia.org /wiki/Cuban_peso (558 words)

	Cuba News / Yahoo! - CubaNet News - Noticias de Cuba / Cuba News
		In a popular restaurant in the city's Cuban sector, Julissa Garcia, a Miami resident since the 1960s, said she was about to send 400 dollars to her brother in Cuba to help care for his cancer-stricken wife, "But I'm afraid of what's going to happen" when the dollar stops circulating.
		Cubans whose relatives send then a total of more than 800 million dollars every year, as well as tourists -- stars of Cuba's main hard-currency earning industry worth two billion-dollars -- will have to make purchases in Cuba in convertible pesos.
		Cuban citizens will still be able to possess a certain amount of US dollars, but using them in commercial transactions or in retail will be banned, a Cuban central bank statement said.
	www.cubanet.org /CNews/y04/oct04/28e5.htm (1901 words)

	Cuban convertible peso (Site not responding. Last check: 2007-10-14)
		The Cuban convertible peso (ISO 4217 code: CUC) is one of two official currencies in Cuba.
		From 1993 until 2004, the Cuban economy was split between the Cuban peso, used mainly by Cuban citizens for basic supplies, and the US dollar, which was used by tourists and for luxury items.
		Cubans had until November 8, 2004 (later extended to November 14, 2004), to convert their dollars free of charge into convertible pesos before new charges came into effect; after this date, it would remain legal to hold US dollars, but a 10% surcharge would be imposed when converting them into convertible pesos.
	cuban-convertible-peso.iqnaut.net (347 words)

	Cuban convertible peso, argentina peso, conversion de peso (Site not responding. Last check: 2007-10-14)
		Cuban convertible peso The convertible peso (disparagingly called the Chavito which is a traditional Cuban word for toy money) has been around since 1994.
		Cuban convertible pesos and coins equivalent to 50, 25, 10, 5 and 1 cents have.
		Cuban convertible peso Beginning Friday, March 18, 2005, the rate of exchange of the Cuban peso will be set at 24 Cuban pesos for operations in the sale of convertible pesos and.
	www.strategic-investor.net /peso/cuban_convertible_peso.html (1292 words)

	Cuban Currency CUC - WoWCuba
		The value of the peso convertible (CUC or tourist dollar) was raised by 8% on April 9, 2005 against its standard, the US dollar, meaning $1.00 CUC = $1.08 USD.
		Consider and call the convertible peso a "dollar" and the Cuban peso a "peso".
		Cubans call the tourist dollar a "chavito" and the Cuban peso "moneda nacional" or MN.
	www.wowcuba.com /currency.html (705 words)

	Havana Rentals. Main page. Private Homes and Apartments for rent in Havana, Cuba..
		Instead, the Cuban Convertible peso is the only accepted currency to purchase goods and services in every place where the US dollar was formerly accepted.
		On the other hand, the Cuban pesos, which are different from the Cuban Convertible pesos, will continue circulating and will be valid to purchase the goods and services that are provided (mostly for Cubans) and that are priced in Cuban pesos.
		When this Cuban vanishes, and you unsuccesfully try to rent your car with these 300 Cuban pesos, you will realise that your initial $300 US had become less than $12 US because the exchange rate between US dollars and the Cuban peso is 1:26.
	members.tripod.com /~havanarentals/currency_us_dollar_and_pesos_convertibles_eng.htm (963 words)

	Cuban central bank chief says island sees first surplus in decade
		He also expressed optimism about recent moves to strengthen both the Cuban peso, which is used by government wage-earners for subsidized goods and services and the convertible Cuban peso, a second currency used for consumer goods that aren't available in poorly stocked peso stores or on the government ration.
		After being the island's primary form of legal tender for 11 years, the U.S. dollar was removed from circulation four months ago and replaced on a one-to-one basis by the convertible Cuban peso as the primary currency used for many consumer goods.
		The Cuban leader said the move was necessary to create an economy that is no longer dependent on the U.S. dollar, which he noted is steadily losing value against other world currencies.
	www.globalexchange.org /countries/americas/cuba/2975.html (727 words)

	Currency
		This will leave Cuba with two currencies, two "peso" circulating: the "peso nacional" that is the currency in which Cuban citizens are paid and in which they do most of their purchases (except for those goods that are only available in the "divisas" shops) and the "peso convertible" (also referred to as "chavito").
		This "peso convertible" has by now replaced the dollar as currency in the so called "dollar shops" or "tiendas in divisa".
		Any payments you make with credit cards will also be in peso convertible for which you will be charged your local currency equivalent of the current value of the CUC when you receive your credit card bill.
	www.artedecubanos.com /uk/peso_convertible.htm (331 words)

	Walter Lippmann: Notes on Fidel Castro's March 17, 2005 speech
		Convertible pesos, which are pegged on the island as equivalent to the United States dollar, have long been referred to in Cuban slang as "chavitos".
		Prior to making the announcement of the strengthening of the peso, the Cuban president had responded to criticism by the population of his announcement last week on International Women's Day that rice and pressure cookers would be made available to the entire population in an effort to save on energy.
		Beginning today, the rate for exchanging Cuban pesos into a currency known as the convertible peso, which is printed in Cuba and has the same value as the dollar, will be 25 to 1 rather than 27 to 1.
	www.walterlippmann.com /wl-03-18-2005.html (5401 words)

	USATODAY.com - Sanctions prompt Cuba to eliminate dollar (Site not responding. Last check: 2007-10-14)
		Many Cubans with government jobs also receive part of their salaries in the convertible pesos — known as "chavitos" — that officially trade one-to-one with the U.S. dollar.
		Convertible pesos have long been accepted in lieu of dollars, but Cubans have preferred the American bills.
		Although some Cubans expressed concerns the convertible peso would later be subject to the same devaluation pressures of other Latin American currencies, most didn't seem worried.
	www.usatoday.com /news/world/2004-10-26-cuba-dollar_x.htm (1005 words)

	SignOnSanDiego.com > News > World -- Cuban Central Bank chief says island sees first surplus in decade
		After being the island's primary form of legal tender for 11 years, the U.S. dollar was removed from circulation four months ago and replaced on a 1-1 basis by the convertible Cuban peso as the primary currency used for many consumer goods.
		Now, beginning April 9, the convertible peso will be tied to several major foreign currencies including the euro, initially marking an 8 percent revaluation.
		The Cuban leader said the move was necessary to create an economy that is no longer dependent on the American dollar, which he said is steadily losing value against other world currencies.
	www.signonsandiego.com /news/world/20050329-1528-cuba-economy.html (782 words)

	Bush snubbed as Cubans rush for Chavitos as US$ becomes illegal tender (Site not responding. Last check: 2007-10-14)
		Officially it is known as the 'Cuban Convertible Peso' or CUC but “chavitos” have become effective as legal tender throughout Cuba from Monday replacing the US$ which had been unofficially allowed to function as a parallel currency since 1993.
		The new Cuban Convertible Peso or Chavitos is equivalent in value to one US$ (the regular Cuban peso is currently worth 26 to the US$)...
		In 1993 Havana accepted the private possession and circulation of US dollars next to the Cuban peso, which is currently worth 26 to the dollar at official exchange houses.
	www.vheadline.com /printer_news.asp?id=23434 (384 words)

	Greenback not accepted at Cuban businesses - International Business - MSNBC.com (Site not responding. Last check: 2007-10-14)
		A 10 percent surcharge to convert the U.S. currency into pesos was also originally to be implemented Monday, but because of the huge demand to dispose of the U.S. bills, the Central Bank extended to Nov. 14 the period that people could exchange without paying the surcharge.
		Cubans will now use the convertible peso to purchase goods they have been buying with dollars since they were made legal tender in 1993 to help capture hard currency after the loss of Soviet aid and trade.
		There also exists another currency on the island — the regular Cuban peso — but it has little value inside the country and is used mainly to buy fruit and vegetables as well as gain admission to concerts, museums and movie theaters.
	www.msnbc.msn.com /id/6436840 (800 words)

	Cuba News / Yahoo! - Cuba News / Noticias - CubaNet News
		The use of American dollars by Cubans was decriminalized in August 1993 as part of a series of modest reforms aimed to help citizens weather a severe economic crisis caused by the collapse of the Soviet Union a decade ago.
		Dollar transactions on the island have increased significantly in recent years, but many goods and services for Cuban citizens are provided for ordinary Cuban pesos whose current official exchange rate is 22 to the dollar, including public transportation, utilities and subsidized food.
		It said Cuba has "sufficient quantities of Convertible Cuban Peso coins to substitute the circulation of the United States coins.'' The convertible pesos have the same denominations as U.S. currency.
	www.cubanet.org /CNews/y01/ago01/28e3.htm (863 words)

	Cuban Peso Cuban Convertible Peso and Cuba currency information including currency exchange rates
		The Cuban peso, denoted by CUP, is one of two official currencies used in Cuba.
		The Cuban convertible peso (informally, the chavito) was its replacement, and residents of Cuba were given until November 8, 2004 to exchange their existing US currency (though this deadline was later extended to November 14).
		One problem that the Cuban government is keen to play down, is that Cuban exiles in the US will now find it harder to send money to their relatives who are still in Cuba; the government hopes that they will simply send these remittances in an alternative currency, such as Canadian dollars.
	www.gocurrency.com /countries/cuba.htm (950 words)

	Cuban Currency Won't Be Tied to U.S. - CubaMania Cuba Forums
		Beginning April 9, the exchange rate for the Cuban convertible peso will no longer be on par with the American dollar and instead will be tied to several foreign currencies, initially marking an 8 percent revaluation, Castro said in a televised speech late Thursday.
		The Cuban leader said the move was necessary to create a Cuban economy no longer dependent on the U.S. dollar, which he noted is losing value against the euro and other major currencies.
		Castro's announcement came a week after the communist government revalued the regular Cuban peso, a second currency used on the island, by 7 percent, marking the first change in that currency's exchange rate since it was frozen in December 2001.
	www.cubamania.com /cuba/showthread.php?p=75695 (3097 words)

	Cuba travel guide - Wikitravel
		Cuban travel agents now recommend against using Canada or the Bahamas as a gateway, since U.S. pre-clearance customs agents in Toronto, Montreal, and Nassau are said to actively look for U.S. citizens getting off planes from Cuba.
		The biggest Cuban exports for tourists are rum, cigars, and coffee, all of which are available at government-owned stores (including the duty free store at the airport) or on the streets.
		Cubans prefer the Bucanero Fuerte, which at 5.5% alcohol is a strong (hence the "fuerte") darker beer.
	wikitravel.org /en/Cuba (4748 words)

	Steve Quayle News Alerts
		Since 1993, both the convertible peso and the U.S. dollar have been used without distinction to pay for goods and services not available normally at ordinary Cuban groceries and dry goods stores.
		Prior to that date, it was illegal for Cuban citizens to possess U.S. dollars and those who received them from their relatives abroad had to ask diplomats or other foreigners to buy them scarce items available only in a couple of "diplotiendas" or shops established for the diplomatic community.
		Since then, three separate currencies have circulated freely in Cuba: the U.S. dollar, the Cuban convertible peso and the non-convertible Cuban pesos that had been the sole legally recognized currency prior to the country's economic crisis.
	www.stevequayle.com /News.alert/04_Global/041029.Cuba.embargo.html (1042 words)

	NET FOR CUBA INTERNATIONAL - NEWS (Site not responding. Last check: 2007-10-14)
		Beginning Saturday, a single government account will be established for foreign currency and for convertible Cuban pesos, an exchangeable currency that trades 1-1 to the U.S. dollar and that is now used as the primary form of legal tender on the island.
		Another local currency, known simply as the Cuban peso, is used primarily for heavily subsidized state goods and services and trades at around 26 to the U.S. dollar or Cuban convertible peso.
		The dollar is not banned and Cubans can still hold the currency, although it is not of use to buy goods or services until changed into the convertible peso with a 10 percent surcharge.
	www.netforcuba.org /News-EN/2004/Dec/News470.htm (484 words)

	Calculator for Cuban Convertible Peso (CUC) Currency Exchange Rate Conversion (Site not responding. Last check: 2007-10-14)
		The Cuban Convertible Peso (CUC) is one of two currencies used in Cuba.
		Enter the amount to be converted in the box to the left of the currency and press the "convert" button.
		The Cuban Convertible Peso is the currency in Cuba (CU, CUB).
	coinmill.com /CUC_calculator.html (500 words)

	Caribbean Net News: Castro revalues convertible Cuban peso by 8 percent
		HAVANA, Cuba (AFP): President Fidel Castro announced that the convertible Cuban peso is to be revalued by 8 percent against the dollar and other currencies, breaking parity with the dollar since the convertible peso was created in 1994.
		"This week we have revalued the convertible peso," Castro said reading from a statement by the central bank's monetary policy committee, a week after he announced a 7.0-percent revaluation of the ordinary peso against the convertible peso.
		Two currencies circulate in Cuba: the ordinary peso, used by wage earners, and the convertible peso, with which the island purchases two thirds of the consumer goods it imports.
	www.caribbeannetnews.com /2005/03/28/revalues.shtml (382 words)

	All Ways Travel: Travel Agency to Cuba, General Information
		Due to the recent regulations established in Cuba related with the circulation of the USD in cash, from date November 8th 2004, all payments in cash should be done in CUC (Cuban Convertible peso).
		Cuban pesos, or moneda nacional, can be used at local venta libre stores, cafeterias and street stands, cinemas, and many other businesses away from popular tourist destinations.
		Cuban nationals living in another country must contact with the Cuban Consulate in your country for information prior to departure.
	www.allwaystravel.cu /information.php (1185 words)

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