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Want to know the local currency in Cuba? The money used in Cuba is called Peso.

The Cuban Peso is issued and managed by the Central Bank of Cuba. To find out the current currency exchange rates for Peso to other major currencies of the world, click on foreign currency rates.

Cuban Currency Information
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The currency used in Cuba is called as the Peso. This currency is denoted with the currency sign $, CUC or CUC$ and the ISO 4217 Code for the Cuban Peso is CUC. The Peso, is the official currency of the Cuba . It is divided into 100 smaller units called centavo convertible.

The constitution of Cuba provides that the Cuba government shall have the power to print the Cuban Peso and centavo convertible coins to be used as a legal tender in Cuba. The Cuban Peso bank notes and Centavo Convertible coins are both designated as "legal tender" in payment of debts.

The Cuban Peso bill uses the decimal system, consisting of 100 equal units.

The symbol $, CUC or CUC$, usually written before the numerical amount, is used for the Cuban Peso.

Currently printed bank notes denominations are $1, $3, $5, $10, $20, $50, $100 and the coins are minted in the denominations of 1¢, 5¢, 10¢, 25¢, 50¢, $1 $5.

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The Effect of Balance of Trade and Investment on the Value of Cuban Peso
Financial analysts regularly cite the balance of trade and investment in Cuba as the most important influence on the value of the Peso. The difference between what the Cuba exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Peso exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Peso exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Cuban Peso.

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