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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

The Cuban Convertible Peso, CUC, or “chavitos” as they are called locally became effective this Monday substituting the widely circulated U.S. dollar, with the Central Bank stating that ...

The Cuban Peso (CUP) and the Convertible Cuban Peso (CUC) are both legal tender on the island, though neither are convertible in the foreign exchange markets. CUC is pegged to the dollar and most ...

The Cuban government has informed several foreign companies that they will be unable to repatriate the funds in their bank ...