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12-15-20 07:15 #1722
Posts: 562Originally Posted by Mondo707 [View Original Post]
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12-15-20 03:32 #1721
Posts: 345RE: your post
Originally Posted by HarryDubois [View Original Post]
1st, regarding your post about prostitution. FYI, prostitution is illegal in Cuba and I'd bet you a Cristal or Bucanero this will not change.
2nd, From 1-1-21 on, USD will not be used by tourists while visiting. From then on, once you arrive when you exchange your USD you'll be given CUP to use while visiting and when you leave if you have any CUP left you can get USD equivalent back. Now, remember, each time there's an exchange between currencies there's a commission of 3% imposed on such transaction.
Also, USD will not be used like regular currency (CUP) They're used only by Cuban@s with some government issued cards to buy stuff like appliances and other goods at certain USD stores. Only Cuban@s who get money sent to them from abroad get these cards. No tourists as of now have access to these.
The only way to use USD for mongers will be thru the black market.
My advice to save this exchange commission is to try and spend most or all of the currency or just keep what you have left for your next trip. Also, you can gift your chica what you have left or some other person that help you out.
Mondo.
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12-14-20 16:59 #1720
Posts: 503Originally Posted by HarryDubois [View Original Post]
https://oncubanews.com/cuba/sobre-ca...nK5GF44JD9TCK4
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12-14-20 15:46 #1719
Posts: 249CUC and dollars
My understanding is that in two weeks (New Year's Day) when one arrives in Cuba he will not hand in his dollars and receive CUC. Rather you will keep your dollars in cash and use them as CUC were previously used.
Am I wrong about that?
And the CUP will continue to be used by Cuban natives as it always has been.
One questions I have: Will the government stop discouraging prostitution, and let nature take its course, because of the desperate need for dollars? That was true in the late 1990's.
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12-14-20 13:38 #1718
Posts: 1095Originally Posted by Mondo707 [View Original Post]
So what I think you are saying, is that now the penalty against the US dollar is gone, and the same exchange cost is there for any currency.
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12-14-20 08:43 #1717
Posts: 34510% gravamen
Originally Posted by Zeos1 [View Original Post]
Nowadays, if you exchange a foreign currency, you pay the 3% commission which is imposed in all countries. The exchange rates for CUP was 24:1 and that was at a cadeca or bank. Whenever I exchanged USD to CUP in the past I'd get 480 CUP to 20 USD, lots of things you could get way cheaper by paying with CUP instead of with CUC. (this was when CUC was still in circulation).
Mondo.
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12-12-20 13:47 #1716
Posts: 1095Originally Posted by Zeos1 [View Original Post]
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12-12-20 02:51 #1715
Posts: 1321CUC to be phased out within six months period. Prices will go up. CUP 1:24 exchange starting to enterprises and the rest won't hold IMHO. New special period to follow.
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12-12-20 01:00 #1714
Posts: 1095Originally Posted by Sammytheman [View Original Post]
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12-11-20 05:07 #1713
Posts: 210Originally Posted by Mondo707 [View Original Post]
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12-11-20 04:19 #1712
Posts: 345Breaking news.
Hey,
Just announced, starting on New Years day, 1/1/21, the official currency in Cuba will be the Peso Cubano and the CUC will no longer be used in Cuba.
The official exchange rate to the USD will be 24 CP to 1 USD.
http://www.cubadebate.cu/noticias/20...blacion-video/
Mondo.
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11-26-20 19:34 #1711
Posts: 205Since we are on the subject
Also living stateside and was wondering if anyone has been able to set up a Canadian bank account to get a debit card that they could use to access cash in Cuba when traveling there for long periods of time. Any advice is appreciated. Taco.
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11-07-20 22:15 #1710
Posts: 675Closed
Originally Posted by RebelMonger [View Original Post]
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11-07-20 20:50 #1709
Posts: 341Originally Posted by EdwardQ [View Original Post]
The card they tell you in Cuba is one issued there to be recharged from outside the country, which can only be used in special government stores selling way overpriced products.
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11-01-20 16:21 #1708
Posts: 57Where do you get the card?
Originally Posted by RebelMonger [View Original Post]