Cuban convertible peso (historically)

E304996

The Cuban convertible peso was a former Cuban currency used mainly for tourism and certain domestic transactions, functioning as a hard-currency substitute until its elimination in the country’s monetary unification.

All labels observed (3)

How this entity was disambiguated

Statements (42)

Predicate Object
instanceOf Cuban currency ⓘ
former currency ⓘ
abolishedInContextOf Cuban monetary unification ⓘ
category Currencies of Cuba ⓘ
Former currencies ⓘ
ceasedToCirculate 2021 ⓘ
coexistedWith Cuban peso ⓘ
country Cuba ⓘ
denominationForm banknotes ⓘ
coins ⓘ
exchangeabilityAfterAbolition limited time conversion into Cuban pesos ⓘ
exchangeRateToCUPBeforeUnification 1 CUC = 24 CUP (official rate for population) ⓘ
1 CUC = 25 CUP (cash transactions) ⓘ
fixedExchangeRate 1 CUC = 1 USD ⓘ
historicalPeriodOfUse early 21st century ⓘ
late 20th century ⓘ
introduced 1994 ⓘ
introducedAs domestic hard-currency substitute ⓘ
ISO4217Code CUC ⓘ
legalTenderIn Cuba ⓘ
monetaryAuthority Central Bank of Cuba ⓘ
monetarySystem dual-currency system in Cuba ⓘ
monetaryUnificationPolicy Tarea Ordenamiento ⓘ
officialName peso cubano convertible ⓘ
peggedTo United States dollar ⓘ
linked to: US dollar
primaryUse certain domestic transactions ⓘ
tourism sector ⓘ
transactions in hard-currency shops ⓘ
replacedBy Cuban peso ⓘ
role store of value for Cubans with access to hard currency ⓘ
status abolished ⓘ
subunit centavo ⓘ
subunitToUnit 100 centavos ⓘ
symbol $ ⓘ
CUC$ ⓘ
type fiat currency ⓘ
usedBy Cuban state sector ⓘ
foreign tourists in Cuba ⓘ
usedIn dollar shops in Cuba ⓘ
state-run tourist facilities ⓘ
withdrawalAnnounced 2020 ⓘ
withdrawalEffective 2021 ⓘ

How these facts were elicited

Referenced by (8)

Full triples — surface form annotated when it differs from this entity's canonical label.

Cuban peso → peggedTo → Cuban convertible peso (historically) ⓘ
Almacenes Universales S.A. → usesCurrency → Cuban convertible peso ⓘ
linked to: Cuban convertible peso (historically)
Central Bank of Cuba → currencyManaged → Cuban convertible peso ⓘ
linked to: Cuban convertible peso (historically)
Cuban convertible peso → officialName → peso cubano convertible ⓘ
linked to: Cuban convertible peso (historically)
BCC → issuesCurrency → Cuban convertible peso ⓘ
linked to: Cuban convertible peso (historically)
CUC$ → denoted → Cuban convertible peso ⓘ
linked to: Cuban convertible peso (historically)
CUC$ → symbolRepresents → peso cubano convertible ⓘ
linked to: Cuban convertible peso (historically)
CUC$ → legalTenderFor → Cuban convertible peso ⓘ
linked to: Cuban convertible peso (historically)