Eliminating monetary duality in Cuba

• Álvaro González Lorente ^[1] ; Montserrat Hernández López ^[1] ; Francisco Javier Martín Álvarez ^[1] ; Javier Mendoza Jiménez ^[1]
  1. [1] Universidad de La Laguna

     Universidad de La Laguna

     San Cristóbal de La Laguna, España

     
• Localización: Estudios de economía aplicada, ISSN 1133-3197, ISSN-e 1697-5731, Vol. 38, Nº 1, 2020 (Ejemplar dedicado a: Challenges in the construction of composite indicators)
• Idioma: inglés
• DOI: 10.25115/eae.v38i1.2856
• Enlaces
  • Texto completo
• Dialnet Métricas: 1 Cita
• Resumen
  • español

    Desde que en agosto de 1994 se adoptara en Cuba la dualidad monetaria, han convivido en la Isla dos monedas: el peso cubano convertible (CUC) y el peso cubano moneda nacional (CUP). Existiendo un doble tipo de cambio fijo entre CUC y CUP y entre CUC y dólar estadounidense (USD), en realidad también existe un tipo de cambio fijo entre CUP y USD y, consecuentemente, parece necesaria la unificación monetaria. El problema radica en fijar el tipo de cambio de la moneda que pervivirá (CUP) frente a la eliminada (CUC). En este artículo se realiza una revisión de los aspectos más interesantes de esta circunstancia, y se proporcionan argumentos sobre cuál sería el tipo de cambio más adecuado entre el peso cubano moneda nacional y el peso cubano convertible.

  • English

    Since monetary duality was adopted in Cuba in August 1994, two currencies have coexisted on the Island: the Cuban convertible peso (CUC) and the Cuban national peso (CUP). There is a double fixed exchange rate between the CUC and CUP and between the CUC and the US dollar (USD). In reality, there is also a fixed exchange rate between CUP and USD, consequently, monetary unification seems necessary. The problem lies in setting the exchange rate of the currency that will survive (CUP) versus the eliminated one (CUC). In this article, a review of the most interesting aspects of this situation is conducted, and arguments are put forward as to what would be the most appropriate exchange rate between the Cuban national currency and the Cuban convertible peso.

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