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The US dollar traded at the close at 25 Cuban pesos at the official exchange rate, which represented a rise of 4.18% compared to 24 Cuban pesos at the official exchange rate the previous day.

There are two forms of local currency; tourists deal mostly in the Cuban convertible peso. You can exchange U.S. dollars to pesos at the airport or at exchange houses in most cities. Keep in mind ...

Gaviota also reported having 1.7 billion pesos’ worth of food in its inventory. The figures are significant because in a recent report to the United Nations, the Cuban Foreign Ministry blamed ...

The document does not explain it, but unofficial peso exchange rates for the dollar, the euro and a Cuban virtual hard currency known as the MLC are significantly more attractive than the ...