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No more dual currency system Jan. 1, 2021

No more dual currency system Jan. 1, 2021

Old Dec 27, 20, 8:34 pm
  #1  
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No more dual currency system Jan. 1, 2021

The Economist is reporting that Cuba will do away with the CUC convertible peso at the first of the year.
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Old Dec 28, 20, 1:06 pm
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Originally Posted by SJOGuy
The Economist is reporting that Cuba will do away with the CUC convertible peso at the first of the year.
So it'll be CUP-only? Speculation has been there for years.
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Old Jan 14, 21, 9:54 pm
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Originally Posted by SJOGuy
The Economist is reporting that Cuba will do away with the CUC convertible peso at the first of the year.
Would have really wanted to keep some CUC as a souvenir. Hopefully they are still around when I go next time.
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Old Jan 15, 21, 6:20 pm
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Originally Posted by MillennialMiles
Would have really wanted to keep some CUC as a souvenir. Hopefully they are still around when I go next time.
Actually, I went the opposite direction: I brought back some 3-CUP notes portraying Che Guevara as souvenirs. The CUC notes were definitely brighter than the duller CUP pesos. I'm sure some enterprising soul will find a way to sell CUC as souvenirs for prices much greater than their face value.
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Old Jan 16, 21, 12:16 am
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If you are able to get to Poland you can buy and sell CUC at Diament (perhaps not for long).

I have never been to Cuba but I bought some CUC in London for my banknote collection, then offloaded the rest onto those guys effectively making my collection "free".
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Old Feb 9, 21, 11:50 pm
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There goes the scam in which a tourist is given change in the local currency as if it had the same value as the CUCs. I don't know how common that scam ever was, though. All Cubans I encountered were honest with me and very welcoming.
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Old Feb 20, 21, 1:20 pm
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Originally Posted by :D!
I have never been to Cuba but I bought some CUC in London for my banknote collection, then offloaded the rest onto those guys effectively making my collection "free".
Do you always try to scam businesses and get "something for nothing"? Hummm ..
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Old Feb 24, 21, 11:34 pm
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Originally Posted by tmac100
Do you always try to scam businesses and get "something for nothing"? Hummm ..
How am I scamming anyone when buying something at the advertised price and then selling it to someone else at their advertised price?
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Old Dec 7, 22, 3:31 pm
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Can an USA citizen visiting now ( March 2023 trip via P2P program ) use US$ or US bank issued credit/debit card ?

I was told NO and to bring CADs or EURs.
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Old Dec 7, 22, 6:19 pm
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CC/DC? Probably still no.

USD cash? Very desirable from what I understand, though bring wads of very small notes ($1, 5,10, some 20s). Not sure if there is a blackmarket rate vs bank rate for CUP., and if there is still a 10% exchange penalty (which was the reason to exchange EUR and CAD).
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