Cuban Convertible Peso

(redirected from Chavito)

Cuban Convertible Peso

One of two currencies in Cuba. It is pegged to the U.S. dollar at a one-to-one ratio, meaning that one could present one convertible peso to the Central Bank of Cuba and redeem it for one dollar. Because the other currency in Cuba, the Cuban peso, is an inconvertible currency, the convertible peso is Cuba's only point of access to international foreign exchange markets.
References in periodicals archive ?
visitors to Cuba exchange their American dollars upon arrival for Cuban convertible pesos, known locally as "chavito" or CUCs, Torres said.
Bolivar Wedge, $118 and Chavito Chukka Suede, $124; www.nisolo.com
Rivera), a pro-American Dream mestizo businessman, and Don Faustino Roman (played by the late Jose Luis "Chavito" Marrero), the film's austere and traditional narrator, politely shake hands; this gesture implies that passengers are on the same level on board the plane.
a fine baby: Bea and Steve "Chavo" Sanchez became the parents of a baby boy, Francisco, known also as Chavito.
With: Luis Guzman, Teresa Hernandez, Fernando Tarrazo, Norman Santiago, Edna Lee Figueroa, Laura Andujar, Irma Mendez, Luis Gonzaga, Dolores Pedro, Georgina Borri, Silvia Brito, Chavito Marrero, Miguel Angel Alvarez, Jessica Delgado, Yamil Collazo, Humberto Gonzalez, Vallie Marie Rivera, Marise Alvarez, Adrian Garcia, Alberto Zambrana, Pedro Juan Texidor, Carlitos Ruiz Ruiz, Yarani del Valle, Javier Ortiz.