The CUC and The U.S. Dollar
Between April 2005 and March 2011, the convertible peso was worth 1.08 USD. The CUC is currently pegged to the U.S. dollar at 1:1, as it was between 1994 and 2005.
When exchanging U.S. dollar banknotes a 10% tax is applied plus an exchange commission. The 10% tax is not applied to other currencies, bank transfers, or credit card payments.
For transactions using credit cards, the cards are charged in U.S. dollars plus an extra 3% service charge. (Credit cards issued by U.S. banks cannot be used in Cuba.)
| Current CUC exchange rates | |
|---|---|
| From Google Finance: | AUD CAD CHF EUR GBP HKD JPY USD |
| From Yahoo! Finance: | AUD CAD CHF EUR GBP HKD JPY USD |
| From XE.com: | AUD CAD CHF EUR GBP HKD JPY USD |
| From OANDA.com: | AUD CAD CHF EUR GBP HKD JPY USD |
| From fxtop.com: | AUD CAD CHF EUR GBP HKD JPY USD |
Read more about this topic: Cuban Convertible Peso
Famous quotes containing the word dollar:
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