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