Reserves of foreign exchange and gold:
$738.6 million (2004 est.)
Debt - external:
$12.09 billion (convertible currency); another $15-20 billion owed
to Russia (2004 est.)
Economic aid - recipient:
$68.2 million (1997 est.)
Currency (code):
Cuban peso (CUP) and Convertible peso (CUC)
Currency code:
CUP (nonconvertible Cuban peso) and CUC (convertible Cuban peso)
Exchange rates:
Convertible pesos per US dollar - 0.93
note: Cuba has three currencies in circulation: the Cuban peso
(CUP), the convertible peso (CUC), and the US dollar (USD), although
the dollar is being withdrawn from circulation; in April 2005 the
official exchange rate changed from $1 per CUC to $1.08 per CUC
(0.93 CUC per $1), both for individuals and enterprises; individuals
can buy 24 Cuban pesos (CUP) for each CUC sold, or sell 25 Cuban
pesos for each CUC bought; enterprises, however, must exchange CUP
and CUC at a 1:1 ratio.
Fiscal year:
calendar year
Communications Cuba
Telephones - main lines in use:
574,400 (2002)
Telephones - mobile cellular:
17,900 (2002)