Cuban peso

  • cuban peso
    peso cubano  (spanish)
    cuban3pesos.jpg
    a 3 peso banknote depicting che guevara
    iso 4217
    codecup
    denominations
    subunit
     1/100centavo
    symbol$, $mn, or ₱
     centavo¢ or c
    banknotes
     freq. used$1, $3, $5, $10, $20, $50, $100, $200, $500[1][2]
     rarely used$1,000
    coins
     freq. used20¢, $1, $3, $5
     rarely used1¢, 2¢, 5¢
    demographics
    user(s) cuba
    issuance
    central bankwww.bc.gob.cu

    the peso (iso 4217 code: cup, sometimes called the "national currency" or in spanish moneda nacional) is one of two official currencies in use in cuba, the other being the convertible peso (iso 4217 code: cuc, often called "dollar" in the spoken language). there are currently 25 cup per cuc.

    most cuban state workers receive their wages in national pesos, but some receive a portion of their salary in convertible pesos. shops that sell basic necessities such as groceries often accept only national pesos whereas convertible pesos are much more commonplace in "dollar shops" which sell mostly imported commodities and goods. the word "peso" may refer to either currency.

    cuban convertible pesos are 25 times more valuable per face value. the convertible (cuc) pesos are distinguishable from the national (cup) ones, as cuc coins have an octagonal shape within the outer round rim. the only exception to this is the most common cup coin, the 1 peso,[4] also has this octagonal shape; while cuc currency shows monuments, and cup bills have portraits.

  • history
  • coins
  • banknotes
  • cup and cuc
  • see also
  • references
  • external links

Cuban peso
peso cubano  (Spanish)
Cuban3Pesos.jpg
A 3 peso banknote depicting Che Guevara
ISO 4217
CodeCUP
Denominations
Subunit
 1/100centavo
Symbol$, $MN, or ₱
 centavo¢ or c
Banknotes
 Freq. used$1, $3, $5, $10, $20, $50, $100, $200, $500[1][2]
 Rarely used$1,000
Coins
 Freq. used20¢, $1, $3, $5
 Rarely used1¢, 2¢, 5¢
Demographics
User(s) Cuba
Issuance
Central bankwww.bc.gob.cu

The peso (ISO 4217 code: CUP, sometimes called the "national currency" or in Spanish moneda nacional) is one of two official currencies in use in Cuba, the other being the convertible peso (ISO 4217 code: CUC, often called "dollar" in the spoken language). There are currently 25 CUP per CUC.

Most Cuban state workers receive their wages in national pesos, but some receive a portion of their salary in convertible pesos. Shops that sell basic necessities such as groceries often accept only national pesos whereas convertible pesos are much more commonplace in "dollar shops" which sell mostly imported commodities and goods. The word "peso" may refer to either currency.

Cuban convertible pesos are 25 times more valuable per face value. The convertible (CUC) pesos are distinguishable from the national (CUP) ones, as CUC coins have an octagonal shape within the outer round rim. The only exception to this is the most common CUP coin, the 1 peso,[4] also has this octagonal shape; while CUC currency shows monuments, and CUP bills have portraits.