Cuban Convertible Pesos
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Cuban Convertible Pesos
The convertible peso (sometimes given as ''CUC$'' and informally called a ''cuc'' or a ''chavito'') 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. On 8 November 2004, the U.S. dollar ceased to be accepted in Cuban retail outlets and left the convertible peso as the only currency in circulation in many Cuban businesses. Officially exchangeable only within the country, its value was increased to in April 2005, but reverted to on 15 March 2011. The convertible peso was, by the pegged rate, the twelfth-highest-valued currency unit in the world and the highest-valued "peso" unit. 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 effect from 1 January 2021. From that date, the CUC was no longer accepted in many Cuban businesses; it could only be exchanged in ba ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Economy Of Cuba
The economy of Cuba is a mixed command economy dominated by state-run enterprises. Most of the labor force is employed by the state. In the 1990s, the ruling Communist Party of Cuba encouraged the formation of worker co-operatives and self-employment. In the late 2010s, private property and free-market rights along with foreign direct investment were granted by the 2018 Cuban constitution. Foreign direct investment in various Cuban economic sectors increased before 2018. , public-sector employment was 76% and private-sector employment (mainly composed of self-employment) was 23%, compared to the 1981 ratio of 91% to 8%. Investment is restricted and requires approval by the government. In 2019, Cuba ranked 70th out of 189 countries on the Human Development Index, placed in the high human development category. , the country's public debt comprised 35.3% of GDP, inflation (CDP) was 5.5%, and GDP growth was 3%. Housing and transportation costs are low. Cubans receive government-subs ...
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Central Banks And Currencies Of The Caribbean
This is a list of the central banks and currencies of the Caribbean. There are a number of currencies serving multiple territories; the most widespread are the East Caribbean dollar (8 countries and territories), the United States dollar (5) and the euro (4). ;Surrounding countries and territories See also * List of banks * Economy of the Caribbean * Currencies of the British West Indies * International status and usage of the euro * List of countries by leading trade partners * List of Latin American and Caribbean countries by GDP growth * List of Latin American and Caribbean countries by GDP (nominal) * List of Latin American and Caribbean countries by GDP (PPP) References {{Caribbean topics Caribbean The Caribbean (, ) ( es, El Caribe; french: la Caraïbe; ht, Karayib; nl, De Caraïben) is a region of the Americas that consists of the Caribbean Sea, its islands (some surrounded by the Caribbean Sea and some bordering both the Caribbean Se ... ...
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Carlos Manuel De Céspedes
Carlos Manuel de Céspedes del Castillo (18 April 1819, Bayamo, Spanish Cuba – 27 February 1874, San Lorenzo, Spanish Cuba) was a Cuban revolutionary hero and First President of Cuba in Arms in 1868. Cespedes, who was a plantation owner in Cuba, freed his slaves and made the declaration of Cuban independence in 1868 which started the Ten Years' War (1868–1878). This was the first of three wars of independence, the third of which, the Cuban War of Independence led to the end of Spanish rule in 1898 and Cuba's independence in 1902. Because of his actions which led to the eventual independence of Cuba, he is known there as the "Father of the Fatherland". Ten Years' War Céspedes was a landowner and lawyer in eastern Cuba, near Bayamo, who purchased '' La Demajagua'', an estate with a sugar plantation, in 1844 after returning from Spain. On 10 October 1868, he made the ''Grito de Yara'' (Cry of Yara), declaring Cuban independence, which began the Ten Years' War. That ...
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Calixto García E Iñiguez
Calixto is a given name. Notable people with the name include: *Calixto Bieito (born 1963), Spanish theater director known for "radical" interpretations of classic operas *Benedito Calixto (1853–1927), Brazilian painter *Renato Ribeiro Calixto (born 1988), Brazilian footballer * Calixto R. Catáquiz (born 1948), the incumbent mayor of San Pedro, Laguna, Philippines *Irineu Calixto Couto (born 1983), Brazilian footballer *Calixto García (1839–1898), general in three Cuban uprisings, part of the Cuban War for Independence * Calixto Leicea (1909–2004), Cuban musician *Calixto Oyuela (1857–1935), Argentine poet and essayist *Calixto Pérez (born 1949), retired boxer from Colombia *Calixto Bravo Villaso (1790–1878), Mexican colonel, a cousin of Nicolás Bravo *Calixto Zaldivar (1904–1979), Member of the House of Representatives of the Philippines See also *Calixto, Cuba, a town in Las Tunas Province, Cuba *Calixto García, Cuba, a municipality in Holguín Province, Cuba *Cal ...
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Camilo Cienfuegos
Camilo Cienfuegos Gorriarán (; 6 February 1932 – 28 October 1959) was a Cuban revolutionary born in Havana. Along with Che Guevara, Fidel Castro, Juan Almeida Bosque, and Raúl Castro, he was a member of the 1956 ''Granma (yacht), Granma'' expedition, which launched Fidel Castro's armed insurgency against the government of Cuban dictator Fulgencio Batista. He became one of Castro's top guerrilla commanders, known as the "Battle of Yaguajay, Hero of Yaguajay" after winning a key battle of the Cuban Revolution. His signature weapons were a Thompson submachine gun, M1921AC Thompson and a modified M1 carbine, M2 carbine. He was appointed head of Cuba's armed forces shortly after the victory of Castro's rebel army in 1959. He was presumed dead when a small plane he was traveling in disappeared during a night flight from Camagüey to Havana later that year. Many have speculated and conspiracies have arisen concerning his mysterious disappearance. Cienfuegos, whose name translates ...
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Máximo Gómez
Máximo Gómez y Báez (November 18, 1836 – June 17, 1905) was a Dominican Generalissimo in Cuban War of Independence, Cuba's War of Independence (1895–1898). He was known for his controversial Scorched earth, scorched-earth policy, which entailed dynamiting passenger trains and torching the Spanish loyalists' property and sugar plantations—including many owned by Americans. He greatly increased the efficacy of the attacks by torturing and killing not only Spanish soldiers, but also Spanish sympathizers. By the time the Spanish–American War broke out in April 1898, Gómez had the Spanish forces on the ropes. He refused to join forces with the Spanish in fighting off the United States, and he retired to a villa outside of Havana after the war's end. Early life Gómez was born on November 18, 1836 in the town of Baní, in the province of Peravia, in what is now the Dominican Republic. During his teenage years, he joined in the battles against the frequent Haitian incurs ...
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Antonio Maceo Grajales
Lt. General José Antonio de la Caridad Maceo y Grajales (June 14, 1845December 7, 1896) was second-in-command of the Cuban Army of Independence. Fellow Cubans gave Maceo the nickname “The Bronze Titan" ( es, El Titán de Bronce, links=no), nickname that he earned after being wounded several times in battle. Spaniards referred to Maceo as the "Greater Lion" (''El León mayor''). Maceo was one of the most noteworthy guerrilla leaders in 19th century Latin America, comparable to José Antonio Páez of Venezuela in military acumen. Early years Maceo was the son of a Venezuelan farmer and dealer in agricultural products, , and a mulatto Cuban woman of Dominican descent, Mariana Grajales y Cuello. His father when still a young man, fought for the Spanish against the forces for independence led by Simón Bolívar, José Antonio Páez and others. In 1823, he moved from Caracas, Venezuela, to Santiago de Cuba, Cuba, after some of his comrades were exiled from South America. Mace ...
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Battle Of Santa Clara
The Battle of Santa Clara was a series of events in late December 1958 that led to the capture of the Cuban city of Santa Clara by revolutionaries under the command of Che Guevara. The battle was a decisive victory for the rebels fighting against the regime of General Fulgencio Batista. Within 12 hours of the city's capture, Batista fled Cuba, and Fidel Castro's forces claimed overall victory. It features prominently on the back of the three convertible peso bill. The battle Attack on the city Guevara's column traveled on 28 December 1958 from the coastal port of Caibarién along the road to the town of Camajuaní, which lay between Caibarién and Santa Clara. Their journey was received by cheering crowds of peasants, and Caibarién's capture within a day reinforced the sense among the rebel fighters that overall victory was imminent. Government troops guarding the army garrison at Camajuani deserted their posts without incident, and Guevara's column proceeded to Santa ...
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Ernesto 'Che' Guevara
Ernesto Che Guevara (; 14 June 1928The date of birth recorded on /upload.wikimedia.org/wikipedia/commons/7/78/Ernesto_Guevara_Acta_de_Nacimiento.jpg his birth certificatewas 14 June 1928, although one tertiary source, (Julia Constenla, quoted by Jon Lee Anderson), asserts that he was actually born on 14 May of that year. Constenla alleges that she was told by Che's mother, Celia de la Serna, that she was already pregnant when she and Ernesto Guevara Lynch were married and that the date on the birth certificate of their son was forged to make it appear that he was born a month later than the actual date to avoid scandal. ( Anderson 1997, pp. 3, 769.) – 9 October 1967) was an Argentine Marxist revolutionary. A major figure of the Cuban Revolution, his stylized visage has become a ubiquitous countercultural symbol of rebellion and global insignia in popular culture. As a young medical student, Guevara traveled throughout South America and was radicalized by the poverty, hunger, ...
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Battle Of Dos Ríos
The Battle of Dos Ríos was fought in Cuba during its war of independence from Spain. History José Martí died fighting in the battle of Dos Ríos (near Palma Soriano). He was leading a group of rebels against the Spanish royalist army in the first skirmish in Cuba's struggle for independence from Spain (see History of Cuba). An attempt to recover Martí's body was made by the rebels but the Spanish forces were too strong. Spanish forces buried José Martí; the body was subsequently exhumed and reburied with an elaborate funeral in Santiago de Cuba in 1951. References Conflicts in 1895 Battles involving Spain Battle of Dos Rios A battle is an occurrence of combat in warfare between opposing military units of any number or size. A war usually consists of multiple battles. In general, a battle is a military engagement that is well defined in duration, area, and force ... Palma Soriano {{Spain-battle-stub ...
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