Cuban pesos (CUP) per US dollar - 0.9259 (2008 est.), 0.9259 (2007), 0.9231 (2006)
note: Cuba has two currencies in circulation: the Cuban peso (CUP) and the convertible peso (CUC); 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.
Communications ::Cuba
Telephones - main lines in use:
1.104 million (2008) country comparison to the world: 74
Telephones - mobile cellular:
331,700 (2008) country comparison to the world: 167
Telephone system:
general assessment: greater investment beginning in 1994 and the establishment of a new Ministry of Information Technology and Communications in 2000 has resulted in improvements in the system; wireless service is expensive and must be paid in convertible pesos, which effectively limits mobile cellular subscribership
domestic: national fiber-optic system under development; 95% of switches digitized by end of 2006; fixed telephone line density remains low at less than 10 per 100 inhabitants; domestic cellular service expanding but remains at only about 3 per 100 persons