Cuba



Cuba Currency

Cuba Currency

Sources of Cuba Currency information on the net

So...you're looking for Cuba Currency. The Cubans will tell you that there is so much more to see and do in Cuba than just what you see in the brochure.

Whether its a holiday, on business, or for a short break Cuba continues to increase in popularity amongst us Brits - and rightly so!

That's why its important to get your travel plans sorted out properly, and in our opinion, flight, holiday and hotel specialists Opodo offer the best service online - but you can find that out for yourself here...


The elongated island of Cuba is the largest island in the Caribbean and is bounded to the north by the Straits of Florida and the greater North Atlantic Ocean, to the northwest by the Gulf of Mexico, to the west by the Yucatan Channel, to the south by the Caribbean Sea, and to the east by the Windward Passage.

When Spain opened the Cuban trade ports, it quickly became a popular place. New technology allowed a much more effective and efficient means of producing sugar. They began to use water mills, enclosed furnaces, and steam engines to produce a higher quality of sugar at a much more efficient pace than elsewhere in the Caribbean.

This extraterritorial U.S. legislation is considered highly controversial, and the US embargo was condemned for the 13th time in 2004 by the General Assembly of the United Nations, by 179 countries. Additionally, US Congress members from both parties have openly criticized the ongoing balance of resources which have been committed to enforcing this embargo.

It was originally referred to as Santería (literally, Way of the Saints), a derisive term applied by the Spanish to mock followers' seeming overdevotion to the saints and their perceived neglect of God. The slaves' Christian masters did not allow them to practice their various west African religions.

In response the Cuban Communist party government formed hundreds of “rapid-action brigades” to confront and attack anyone protesting against the government. According to the Communist Party daily, Granma, "delinquents and anti-social elements who try to create disorder and an atmosphere of mistrust and impunity in our society will receive a crushing reply from the people,".

The Republic of Cuba is an archipelago in the northern Caribbean that lies between the Caribbean Sea, the Gulf of Mexico and the Atlantic Ocean. To the north the United States are found, the Bahamas, to the west Mexico, to the south the Cayman Islands and Jamaica, and to the southeast Haiti.

Cuban Major General Antonio Maceo Grajales rejected the treaty on a meeting with Martinez Campos on March 15, 1878 at Maceo’s encampment in Baraguá. Eight days after this meeting, General Maceo circulated The Protest of Baraguá. He led his troops for a few more weeks against the Spanish. However, the treaty was acceptable to many of Cuba's elites, who had supported the rebellion but preferred reform to independence.

In 1993 the Cuban Government made it legal for its people to possess and use the U.S. dollar, nicknamed fula. Since then, the dollar has become the major currency in use. To capture the hard currency flowing into the island through tourism and remittances - estimated at $500-800 million annually - the government has set up state-run "dollar stores" throughout Cuba that sell 'luxury' food, household, and clothing items, compared with basic necessities, which are still bought using the Cuban peso.

Cuba is divided into 14 provinces of 169 municipalities, and one special municipality (the Isla de la Juventud).

In the Castro government's first agrarian reform law on May 17, 1959 it sought to limit the size of land holdings, and to distribute that land to agricultural workers in "Vital Minimum" tracts. In compensation, the Cuban government offered to pay the landholders based on the tax assessment values for the land.

Che Guevara, Fidel Castro Rus, Camilo Cienfuegos, Raúl Castro Rus and their rebel army were one of many guerilla groups that opposed the dictator Fulgencio Batista. Castro's 'July 26 Movement' subsumed these other groups quickly and took over Cuba's government in 1959, following its victory against Batista's military forces. At the time when Batista was deposed, 75% of Cuba's farmable land was owned by foreign individuals or foreign companies (mostly US companies).

The Cuban economy was hit hard in the early 1990s following the collapse of the Soviet Union and the Comecon economic bloc, with which it had traded predominantly. More recent problems include high oil prices, recessions in key export markets such as sugar and nickel, damage from hurricanes (most recently an estimated 1 billion dollars economic damage from hurricane Charley), depressed tourism, and faltering world economic conditions. In late 2003, and early 2004, both tourism levels and nickel prices increased.

Grau was followed by Carlos Prío Socarrás, also elected democratically, but whose government was tainted by increasing corruption and violent incidents among political factions. Eduardo Chibás was the leader of the Partido Ortodoxo (Orthodox Party), a liberal democratic group, who was widely expected to win in 1952 on an anticorruption platform. Chibás committed suicide before he could run for the presidency, and the opposition was left without its major leader.



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