The convertible peso was one of two official currencies in Cuba, the other being the Cuban peso. It had been in limited use since 1994, when its value was pegged 1:1 to the United States dollar.
A sign in 2016 informing that prices are in CUC but can be paid in CUP (cash and card admitted). Change was returned in CUC.
Exchange rates in 2013 at the airport.
Gasoline pump showing prices in CUC (1.10 CUC/liter) in 2015.
Shop in 2016 showing prices in CUP and CUC.
A foreign exchange certificate is a tool for foreign exchange control in countries where the national currency is subject to exchange controls or is not convertible. The arrangements vary significantl
Cuban convertible peso
…convertible peso was, by the pegged rate, the twelfth-highest-valued currency unit in the world and the highest-valued "peso" unit. It was a type of foreign exchange certificate. On 22 October 2013, it was announced that the currency was to be scrapped. On 10 December 2020, it was announced that monetary unification would take…
USSR FEC for Beryozka shops, 1 kopeck, blue stripe, 1966
USSR FEC for Beryozka shops, 1 kopeck, yellow stripe, 1966
USSR FEC for sailors, Series A, (issues from 1967 to 1980)
USSR Vneshposyltorg FEC, 1 and 10 kopecks, 1976