Cuban peso

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Definition
  1. Noun:
    • The basic unit of money in Cuba: The "Cuban peso" is the official and primary currency of Cuba. It is subdivided into 100 smaller units called centavos.
Usage Examples
  • Noun:
    • The price of coffee is 50 Cuban pesos.
    • Tourists need to exchange their currency for Cuban pesos.
    • He saved up 1000 Cuban pesos for a new bicycle.
Advanced Usage
  • "Convertible Cuban Peso (CUC)": Historically, Cuba had a dual currency system. The "Convertible Peso" (CUC) was a currency pegged to foreign currencies, used alongside the standard Cuban peso (CUP) for many tourist transactions. This system was officially ended in 2021.
    • Before 2021, many hotels priced their rooms in convertible Cuban pesos.
Variants and Related Words
  • Peso (n): The name of the currency unit used in several countries, including Cuba, Mexico, and the Philippines.
    • The Mexican peso is a different currency from the Cuban peso.
  • Centavo (n): A subunit of currency, equal to 1/100 of a peso, used in Cuba and other Spanish- and Portuguese-speaking countries.
    • The coin is worth five centavos.
Synonyms
  • CUP: The official three-letter currency code (ISO 4217) for the Cuban peso.
    • The exchange rate for CUP is fixed by the government.
Related Phrases
  • Cuban peso banknote: The paper money issued for the Cuban peso.
    • The new Cuban peso banknotes feature images of national heroes.
  • Cuban peso coin: The metal money issued for the Cuban peso.
    • I need some Cuban peso coins for the bus fare.
Noun
  1. the basic unit of money in Cuba; equal to 100 centavos

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