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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

As of December 12, 2024, the value of major foreign currencies remains elevated in Cuba's informal market. The United States ...

Recently, the value of the U.S. dollar has fallen in Cuba's informal market. Although the dip isn't substantial, it raises ...

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.

In 2002, the exchange rate was 21 Cuban pesos per convertible peso, but it was devalued to 26 Cuban pesos per convertible peso. The dollar was equivalent to 25 Cuban pesos and 1 Cuban convertible ...

which is valued at 24 pesos, circulating in Cuba. Possession of the dollar and other tradable currencies is legal, but they have not been deemed legal tender for purchases for years. Cubans who ...