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Topic: Cuban peso

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	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, 100 pesos.
		Cuban state workers receive a portion of their wages in Cuban convertible peso, the rest in the Cuban peso.
	en.wikipedia.org /wiki/Cuban_peso (515 words)

	Cuban convertible peso - Wikipedia, the free encyclopedia
		Coins in circulation are 1, 5, 10, 25, 50 centavos, and 1 peso (1 centavo was introduced in 2000).
		Banknotes in circulation are 1, 3, 5, 10, 20, 50, and 100 convertible pesos.
		From 1993 until 2004, the Cuban economy 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 in tourism, and for luxury items.
	en.wikipedia.org /wiki/Cuban_convertible_peso (313 words)

	NationMaster.com - Encyclopedia: Cuban peso (Site not responding. Last check: 2007-10-19)
		The Argentine peso (originally established as the nuevo peso argentino or peso convertible) is the currency of Argentina.
		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 in combination with the convertible peso, 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 taxes 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.
	www.nationmaster.com /encyclopedia/Cuban-peso (1847 words)

	Cuban convertible peso - Wikipedia, the free encyclopedia (Site not responding. Last check: 2007-10-19)
		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.
		However, on October 25, 2004, Cuban President Fidel Castro announced that the U.S. dollar would be withdrawn from circulation in Cuba to retaliate against further U.S. sanctions.
		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.
	www.murrieta.us /project/wikipedia/index.php/Cuban_Convertible_Peso (401 words)

	americas.org - Experts question sense of revaluing Cuban peso (Site not responding. Last check: 2007-10-19)
		But the peso's revaluation makes no economic sense because the communist-ruled island's economy is not strong enough to back up the 7-8 percent increase in the value of its currency, the experts added.
		The common Cuban peso generally is used only for state salaries and the purchase of goods deeply subsidized -- and rationed -- by the government.
		Cuban leader Fidel Castro has said the convertible peso's one-to-one peg to the dollar had to be changed because the U.S. currency has been losing huge ground against other world currencies.
	www.americas.org /item_18969 (795 words)

	InfoExport - The Canadian Trade Commissioner Service
		The Cuban view is that the US intervened to keep the independence movement from succeeding, and that Cuba effectively remained a colony until independence was achieved for the first time in 1959.
		Cuban government officials tend to characterize this as a "natural partnership" between socialist countries, and play down the notion that the Cuban economy was externally subsidized.
		Cubans point out that Soviet military bases were installed only after the ill-fated invasion of Cuba by Cuban exiles at Playa Girón and the Bay of Pigs, which was sponsored by the United States.
	www.infoexport.gc.ca /ie-en/DisplayDocument.jsp?did=214&gid=193 (14799 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 (1203 words)

	Cubasource
		The convertible Cuban peso, known officially as the "CUC" (Convertible Unit Currency in English) and popularly as the "chavito," will replace the dollar, to which it is pegged, as of November 8, according to an announcement made last week by Fidel Castro.
		November 7: Strains of Cuban sugar cane are to be utilized in Ecuador and the Dominican Republic to generate electricity and serve as stakes for certain fruit and vegetable plants, an official at the National Sugar Cane Research Institute (INICA) said.
		Cuban businesses can now only accept the "convertible peso" which has a face value equal to one dollar but which is worthless outside the country.
	www.cubasource.org /publications/chronicles/coc200411ec_e.asp (3863 words)

	Peso - Wikipedia, the free encyclopedia
		This is the famous Spanish dollar or "piece of eight" and later became called the peso.
		The peso coin weighed 27 grams and was of 92 per cent pure silver.
		It was the template for the coins of the United States and one silver dollar equaled exactly one peso.
	en.wikipedia.org /wiki/Peso (150 words)

	Country Profiles - Cuba (Site not responding. Last check: 2007-10-19)
		The news was welcomed by Cubans who get paid in the local currency but yearn for the ``verde'' (greenbacks) that can be used at special dollar stores to buy products unavailable in Cuban peso shops.
		Juventud Rebelde said that the new strength of the pesos is, in part, based on the greater availability of foods and services paid for in pesos over the past year.
		Cuban officials have said that absenteeism had dropped off considerably since the buying power of the pesos had increased.
	www.pangaea.net /country/cuba.htm (652 words)

	Cuban peso: Facts and details from Encyclopedia Topic (Site not responding. Last check: 2007-10-19)
		A coin is generally a piece of hard material, generally metal and usually in the shape of a disc, which is used as a form of money....
		(Cuban president Fidel Castro[For more, click on this link] announced that the US dollar would be removed from circulation in Cuba, EHandler: no quick summary.
		(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, EHandler: no quick summary.
	www.absoluteastronomy.com /encyclopedia/c/cu/cuban_peso.htm (1031 words)

	CUBA: Stronger Convertible Peso Good News for Some, Bad News for Others
		Two currencies are used as legal tender in Cuba: the regular peso and the CUC, which was created in 1994 as a substitute for the U.S. dollar in internal transactions, and circulated concurrently with the dollar until late last year.
		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.
	www.ipsnews.net /africa/interna.asp?idnews=28029 (1264 words)

	Bush snubbed as Cubans rush for Chavitos as US$ becomes illegal tender (Site not responding. Last check: 2007-10-19)
		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)

	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)

	Global Exchange : 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 (725 words)

	Cuban Currency - 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 (737 words)

	Radio Cadena Agramonte... News. Cuban peso gains on US dollar (Site not responding. Last check: 2007-10-19)
		Havana, Mar 18.- Cubans are seeing today a stronger peso against the US dollar, after President Fidel Castro announced Thursday night in a special public appearance further economic benefits for the people.
		Addressing Cuban politicians, members of grass-root organizations, and military officers, the Cuban leader informed that from today on, local exchange houses will begin buying one convertible peso (CUC) at 24 Cuban pesos, while selling it at 25 Cuban pesos (in parity with the dollar at the official exchange).
		Regarding this, he referred to the consolidation of efforts by the Cuban people and important events in the last few months, such as the internal replacement of the dollar by the convertible peso and agreements with China and Venezuela.
	www.cadenagramonte.cubaweb.cu /english/news/1860305_02.asp (376 words)

	NBC: Castro says worst of times are over - World News - MSNBC.com (Site not responding. Last check: 2007-10-19)
		A woman watches a speech by Cuban President Fidel Castro broadcast on television in Havana, on Thursday. Castro promised Cubans that the worst of his country's economic hardships was over, and power outages will be a thing of the past by the end of this year thanks to improved electrical generation.
		Speaking on national television on Thursday, Cuban President Fidel Castro said the peso has gained strength in the local economy as a result of a series of recent fiscal measures taken by his government.
		Also, Cadeca, the Cuban exchange houses, raked in an estimated $1.2 billion when consumers were forced to replace their U.S. dollars with a local currency last November.
	msnbc.msn.com /id/7229989 (622 words)

	The Devaluation of the Dollar Th
		They are intended to give increasing value to our currencies, particularly to the Cuban peso, which is the most important currency for all of us, as all Cubans receive it and, in one way or another, it represents the basis of our salaries.
		The decision to revaluate the Cuban peso, adopted last March 17 and regulated by Agreement 13/2005 of the Committee for Monetary Policy of the CBC, is beneficial for a 100% of the Cubans, he said.
		It does not change the ratio between the Cuban peso and the convertible peso, which will continue to be sold at CADECA [State Exchange Centers] at a rate of 1 for 25 pesos; while the peso will be sold at a rate of 24 for 1 convertible peso.
	www.walterlippmann.com /docs100.html (1934 words)

	Cuba News / The Miami Herald - CubaNet News - Noticias de Cuba / Cuba News
		The arrival of about 125,000 Cuban refugees in the 1980 Mariel boatlift caused chaos and changed Miami, but 25 years later, their story is mostly one of success.
		Miami Mayor Manny Diaz, a Cuban American who was the director of the Spanish American League Against Discrimination during the boatlift, said Mariel forced exiles to confront -- and proclaim -- their ethnic identity.
		The four have claimed that they went to Panama to meet up with a Cuban army general who had signaled to them that he planned to defect while Castro was in Panama and would need their help getting out of the country - raising the specter of a possible setup by the Cuban intelligence services.
	www.cubanet.org /CNews/y05/apr05/05e1.htm (4618 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.
		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.
		Soberon said one of the measure's aims is to narrow the difference between average Cuban government workers who earn the equivalent of about $11 a month and people who receive money from abroad.
	www.signonsandiego.com /news/world/20050329-1528-cuba-economy.html (727 words)

	Cuban Peso - Search Results - MSN Encarta (Site not responding. Last check: 2007-10-19)
		As at early 2005, 21 Cuban pesos equalled US$1 at the official rate....
		The monetary unit of Cuba is the Cuban peso of 100 centavos (as of early 2005, 21 Cuban pesos equalled US$1 at the official rate).
		Argentine Peso, Chilean Peso, Colombian Peso, Dominican Republic Peso, Mexican Peso, Philippine Peso, Uruguayan Peso
	uk.encarta.msn.com /Cuban_Peso.html (102 words)

	FROM CUBA / Cuban peso down following the beginning of hostilities in Afghanistan / Cuba-Verdad - Cuba News / Noticias ...
		HAVANA, October 10 (Carlos Alberto Domínguez, Cuba-Verdad / CubaNet) - The Cuban peso lost value in relation to the U. dollar, from 22 to 1 to 23 to 1, following the beginning of hostilities in Afghanistan.
		On Monday, October 8, the chain of official foreign currency changing houses, CADECA, quoted the peso at 23 to the dollar, whereas the rate at closing the previous business day had been 22 to 1.
		The man went on to comment on the increasing dependency of the Cuban economy on foreign trade, now that even some agricultural products that used to be grown domestically have to be imported.
	www.cubanet.org /CNews/y01/oct01/15e1.htm (226 words)

	Cuba : Planning a Trip : Money \| Frommers.com
		At this writing, there are, in fact, two distinct kinds of currency circulating in Cuba: the moneda libremente convertible ("convertible peso" or tourist dollar), and the moneda nacional (Cuban peso or MN).
		The convertible peso functions on a one-to-one parity with the dollar and is accepted as the dollar equivalent across the island.
		If you are quoted a price in pesos, it may not be the bargain you think it to be.
	www.frommers.com /destinations/cuba/3173020005.html (1108 words)

	Cuban Peso Falls On World Money Markets -- 10/25/2001
		Experts also say the peso's slump is also bad news for Cuban workers who earn their salaries in pesos, then exchange those pesos for dollars to buy imported goods sold in government-run stores.
		While not commenting directly on the slide of the peso, the Castro government continued its criticism of the United States' economic policies on Wednesday, particularly a free trade proposal put forth earlier this year at a summit of North and South American leaders in Canada.
		The Cuban economist affirmed that the proposed economic alliance is designed just to exploit Latin America's workers for the benefit of the United States.
	www.cnsnews.com /ViewPrint.asp?Page=\ForeignBureaus\archive\200110\FOR20011025b.html (456 words)

	Calculator for Cuban Convertible Peso (CUC) Currency Exchange Rate Conversion
		The Cuban Convertible Peso (CUC) is one of two currencies used in Cuba.
		The Cuban Peso (CUP) is the other Cuban currency to be used by Cubans in Cuba.
		The Cuban Convertible Peso is the currency in Cuba (CU, CUB).
	coinmill.com /CUC_calculator.html (466 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=77444 (3097 words)

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