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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 goods are valued in that ...

Cuba has a long, turbulent relationship with the dollar. After the nationalist revolution that brought Fidel Castro to power in 1959, the dollar was strictly banned. Being in possession of a single ...

On Thursday, the value of the U.S. dollar in Cuba's unofficial market saw a slight uptick, reaching 363 CUP, marking an ...