Back بيزو كوبي قابل للتحويل Arabic بيزو كوبى قابل للتحويل ARZ Pesu cubanu convertible AST Кубінскі канвертоўны песа Byelorussian Peso convertible Catalan Kubánské konvertibilní peso Czech Cubanske konvertible pesos Danish Peso convertible German Cuban convertible peso English Konvertebla kuba peso Esperanto
The convertible peso (sometimes given as CUC$ and informally called a cuc or a chavito) was one of two official currencies in Cuba, the other being the Cuban peso. It has been in limited use since 1994.
On 8 November 2004, the U.S. dollar was officially no longer accepted in Cuba (though unofficially it was). Its value was increased to US$1.08 in April 2005, but went back to US$1.00 on 15 March 2011.
On 22 October 2013, it was announced that the convertible peso would end, being gradually unified with the lower-value Cuban peso.[1] On 10 December 2020, it was announced that the convertible peso will no longer be in effect, from 1 January 2021.
- ↑ "Cuba to scrap two-currency system in latest reform". BBC News. 12 October 2013. Retrieved 22 October 2013.