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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 ...

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

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 ...

In recent hours, the Freely Convertible Currency (MLC) has taken a noticeable dip, falling from 270 to 265 CUP in the Cuban informal market. This decline of five pesos within just 24 hours marks a ...