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Cuban Peso

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Cuban Peso
One of two official currencies in Cuba. The other is the convertible peso. The Cuban peso has no official value outside of Cuba. 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 Cuban pesos, and use convertible pesos for luxury goods.


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Under a sector titled "Investments in information technologies and communications," it reported 317 million Cuban pesos invested in 2008, far less than the 423 million it reported for 2007 and about the same as the 312 million it reported for 2003.
To make ends meet, enterprising individuals began opening the doors of their homes to tourists to earn a few Cuban pesos.
Minister of Construction Fidel Figueroa said that to build one km of highway costs 1 million Cuban pesos, a cost he said could increase due to the skyrocketing price of oil.
 
 
 
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