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HomeHTG / CUP • Currency
HTG / CUP
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Mar 1, 7:13:20 AM UTC · Disclaimer
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The gourde or goud is the currency of Haiti. Its ISO 4217 code is HTG and it is divided into 100 centimes or santim. The word "gourde" is a French cognate for the Spanish term "gordo", from the "pesos gordos" in which colonial-era contracts within the Spanish sphere of influence were often denominated. Wikipedia
The Cuban peso also known as moneda nacional, is the official currency of Cuba. The Cuban peso was established by a Cuban law on October 29, 1914. It began circulating in 1915 at parity with the U.S. dollar until 1959–1960. The Castro government then introduced the socialist planned economy and pegged the peso to the Soviet ruble. The Soviet Union's collapse in 1991 resulted in what the Castro government called a "Special Period" of difficult economic adjustments for Cuba. From 1994 to 2020 the Cuban peso co-circulated with the Cuban convertible peso, which was convertible to and fixed against the U.S. dollar, and which was generally available to the public at a rate of US$1 = CUC 1 = CUP 25. State enterprises under the socialist planned economy, though, were entitled to exchange CUPs into CUCs and U.S. dollars at the official, subsidized rate of US$1 = CUC 1 = CUP 1, within prescribed limits. From 1 January 2021, Cuba implemented the so-called "Day Zero" of monetary unification, which abolished the Cuban convertible peso as well as the 1 CUP/USD rate for state enterprises. Wikipedia
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