CUC


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CUC

ISO 4217 code for the Cuban convertible peso. The peso is one of two official currencies in Cuba, the other being the "ordinary" Cuban peso. One may exchange convertible pesos for other currencies. That is, in order to convert pesos, one must first convert them to convertible pesos, which are then exchangeable for other currencies. Most workers receive portions of their salaries in both currencies; they buy basic items like food with pesos and use CUC for luxury goods.
References in periodicals archive ?
A subsidiary of Coventry University, CUC opened in September 2012 as an innovative model in higher education.
We want to bring smart grid benefits to our customers in the safest and most efficient way possible," said Sacha Tibbetts, manager of engineering and customer services at CUC.
Khodadadi Dehkordi [15] reported that with increase of nozzle-working pressure from 30 m to 50 m, CUC increased and the square layout had the most CUC and rectangle layout had the least of it.
The CUC was established in Cuba in 1994 when then President Fidel Castro tried to stabilize the domestic currency amid the crisis arising from the collapse of the Eastern European socialist bloc and the lack of inputs after the end of three decades of multimillion-dollar Soviet aid that assured the island fuel, machinery, and desirable items, from food to books and magazines.
He further added "The establishment of the CUC will provide further and timely support to the Duqm Oil Refinery with respect to all its utility needs, as well as enhancing the value proposition of the Duqm-investment product to the industrial sector at large, including petrochemical and mineral processing.
In a country where almost the entire economy is in state hands and prices are fixed, companies must exchange dollars and CUCs with the government at the official one-to-one exchange rate, while the CUC is valued at 25 pesos at exchange offices.
CUC embraces all, without distinction of race, class, gender, sexual orientation or creed, and visitors are always welcome.
GONE IN A FLASH: Mat Parrott from the Free Flow Circus, juggling with fire poi balls outside the CUC Pictures: ANDREW TEEBAY SEND-OFF: Jenn Catterall banging her drum with Amber-Page Moss (centre) and Andrew Welsh with flowers that were laid at the CUC
Over the summer, a new CUC events team was hired which he said had done an "amazing" job.
CUC International is the leading membership-based, consumer services company that currently provides approximately 71 million consumers access to travel, shopping, auto, dining financial and other services worldwide through its more than 20 membership programs including netMarket, Travelers Advantage, Entertainment, AutoVantage and other brands.
The investigation has identified how a group of people at CUC deliberately deceived and misled investors and business partners -- and reveals a corporate culture that encouraged this behavior.
Cendant, a US direct marketing company, was formed by the merger of HFS and CUC on December 18, 1997.