With effect from 1 January 2021, the dual currency system consisting of the convertible peso (CUC) and the Cuban peso (CUP) has been abolished and the Cuban peso designated as the country's sole legal tender. Existing sums in convertible pesos could be exchanged at banks and bureaux de change at a rate of CUC 1 = CUP 24 until 31 December 2021. Exchange rates up to December 2020 see BBEX3.M.CUC.EUR.CA.AB.A01. Since August 2022, only middle rates have been published, see BBEX3.M.CUP.EUR.CA.AC.A01. The euro was also an accepted form of payment in some tourist locations.
