How it works:
- Situation: Cuba has two currencies, the Cuban Pesos (CUP) and Cuban Convertible (CUC). The CUC is equivalent to USD, and one CUC goes for 24 CUP.
- Opening: some outlets will only accept one form of currency although most generally accept both – with suitable conversions.
- Set-up: scammers who deal in CUP may charge you 5 CUC for something that costs only 5 CUP. That would be like being paying $5 USD for an item worth $0.20.
Places to beware:
- Anywhere
What to do:
- Understand the difference.
