New Cuba Currency, Not Yet
Martinez spoke to quash rumors on the island on an imminent change of local currency. Cuba currently has two national currencies in circulation the CUC, that equals US $1.25, and the CUP regular peso which is worth 5 cents of a US dollar. Most Cubans hope to see a single currency that is the same one that people earn with their salaries. At present they get paid in CUP but must purchase numerous basic consumer goods in the CUC hard currency.
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