Cuban Peso
(CUP) Insights
Currency of socialist state economy; dual currency system eliminated 2021; significant black market USD rates; tourism and remittance dependent; US embargo (since 1962) severely constrains financial access; nickel, tobacco, sugar exporter
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CUP Live Converter
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Real-time interbank rate: Live data unavailable
Currency Snapshot
Technical specifications, central bank governance, and market standing for Cuban Peso.
CUP
Standardized ISO 4217 Currency Code
$
Unicode Glyphs & Display Symbol
1/100 = Centavo Decimals
Subdivision unit definition
Cuba
Central Bank of Cuba (BCC)
Central Bank of Cuba (BCC)
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Market-determined exchange rate mechanism
Currency Standard: Fiat (state-controlled, severely distorted)
Classified as Fiat (state-controlled, severely distorted) in global trade networks
Banknotes
$ 1
Coins
1c
Global Network Integration
The FX Intelligence terminal maps the institutional footprint of the Cuban Peso, highlighting cross-border utilization and primary trading corridors.
Verified Authority
Regulated data streams mapped to Central Bank of Cuba (BCC).
CUP Market Insights
Deep-dive analysis of the Cuban Peso's global impact, remittance role, and institutional influence.
Strong Currency Impact
N/A (state-controlled economy); cheaper state imports in theory
Weak Currency Impact
N/A; black market rate divergence indicates real depreciation; shortages of basic goods
Remittance Role
Cuba receives significant remittances from diaspora (~$3+ billion/year, mainly USA); US OFAC regulations complicate transfers; critical for household income
Central Bank Tools
State credit allocation, FX controls, Interest rates (limited)
Common Questions About Cuban Peso
Everything you need to know about CUP exchange rates, banknotes, and historical significance.