Convertible Peso, CUC.
GOOD RIDDANCE! It was a huge scam, reminiscent of a capitalist con job!
Andrea Rodriguez is reporting from Havana the following:
Cuba will eliminate the convertible peso.
"On Friday, Vice-President Marino Murillo told parliament that the peso pegged to the dollar, known as the CUC [convertible unit of currency] would eventually disappear, the first time that the government has explicitly said that."
He did not said when the change would go into effect.