Two Currencies? CUCs and CUPs

Cuba works in 2 currencies, the CUP (moneda nacional, or cuban peso) and the CUC (convertible peso). Locals receive their salaries predominantly in CUPs, and use this currency to buy day-to-day goods. CUCs are used by tourists, and are 25x the value of a CUP. Like most stuff in Cuba, there is a rationale behind … Continue reading Two Currencies? CUCs and CUPs