Please modify Cuban currency dates. [solved]

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This message aims at: requesting the creation or the modification of a currency or denomination in the catalogue

Status: Done
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Hello:

Cuban CUC - Cuban Convertible Peso was discontinued as of January 1st., 2021. Therefore I would name of currency be modified from Convertible peso (visitor's coinage, 1994-date) to Convertible peso (visitor's coinage, 1994-2020).

Best regards,
Daniel.
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Catalog Referee Coins, Banknotes & Exonumia: Uruguay, Cuba, Bolivia, Brazil, Chile, Colombia, Mexico, Peru, Paraguay, Costa Rica, Venezuela, Panama, Ecuador, Zamunda, Parva Domus and more.
Status changed to Done (Jarcek, 15-Feb-2021, 17:03)
This is now fixed.
Catalogue administrator
Thank you
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Catalog Referee Coins, Banknotes & Exonumia: Uruguay, Cuba, Bolivia, Brazil, Chile, Colombia, Mexico, Peru, Paraguay, Costa Rica, Venezuela, Panama, Ecuador, Zamunda, Parva Domus and more.
Is it correct to refer to the Cuban convertible peso as a "visitor's coinage"? For a start, it's not just coins but notes too, but what evidence is there that it was only used by visitors? The earlier INTUR currency was clearly for tourists (it says so on the coins) but the convertible peso is used by ordinary Cubans according to https://en.wikipedia.org/wiki/Cuban_convertible_peso. Can we simply remove "visitor's coinage" from the name?
Former Numista referee for banknotes from Ireland, Northern Ireland, Scotland, Wales and Saint Helena.
Quote: "ceh2019"​Is it correct to refer to the Cuban convertible peso as a "visitor's coinage"? For a start, it's not just coins but notes too, but what evidence is there that it was only used by visitors? The earlier INTUR currency was clearly for tourists (it says so on the coins) but the convertible peso is used by ordinary Cubans according to https://en.wikipedia.org/wiki/Cuban_convertible_peso. Can we simply remove "visitor's coinage" from the name?

​Cuban Convertible Peso was created to replace INTUR coins and Exchange Certificates, and same as them, was limited to be used only by visitors. This way, would be more simple, as Exchange certificates had 4 "variants": A, B, C & D, that were meant to be used for visitors, in different categories: Naturals of Socialist countries, naturals of Capitalist countries, Cubans living outside of the Island, and people who visited the island for non-tourist reasons (diplomatic missions, professionals with a job to do there, overseas students, etc.), INTUR coins was generic for tourists. At start CUC (Convertible Peso) had the same rules as INTUR coins and Exchange Certificates, and a range of stores and hotels only accepted CUC and others only CUP (Cuban Peso), and Cubans were not allowed to have CUC, nor operate with them (even at a time, was illegal to have US Dollars). It is noticeable exchange of currencies only was possible at CADECAs (Casa de Cambio = exchange store), and the conversion rate was the same when you exchanged foreign currency for CUC or CUC for foreign currency. Only difference was the tax charged when US Dollars were part of the transaction.

Later, from a few years ago, things started to be more flexible, and Cubans were allowed to use CUC for certain things, specially to import goods, or buy them at stores, but still with certain limits and rules. Also stores were allowed to operate both coins, again with strong control. In fact, tourists had to show passport to pay with CUC, or exchange CUC to foreign currencies, to prove their condition.

This gradual flexibility was allowed to ease things for the end of CUC validity, that occurred on last year end.

Therefore, "Visitor Currency" is a correct definition, as this was the point when it was created.
Just 10 options: you understand binary, or you don't.
Catalog Referee Coins, Banknotes & Exonumia: Uruguay, Cuba, Bolivia, Brazil, Chile, Colombia, Mexico, Peru, Paraguay, Costa Rica, Venezuela, Panama, Ecuador, Zamunda, Parva Domus and more.
If the currency wasn't restricted to visitors, the description is incorrect. By all means add a note about the initial restrictions on use but don't imply something that wasn't true throughout. If the Wikipedia article is correct, the period of limited use was 1994-2004 and the period of unlimited use was 2004-2020.
Former Numista referee for banknotes from Ireland, Northern Ireland, Scotland, Wales and Saint Helena.
Quote: "ceh2019"​If the currency wasn't restricted to visitors, the description is incorrect. By all means add a note about the initial restrictions on use but don't imply something that wasn't true throughout. If the Wikipedia article is correct, the period of limited use was 1994-2004 and the period of unlimited use was 2004-2020.
​I totally agree. When I visited Cuba in 2016, all locals were using CUC coins and banknotes much more than those of CUP, and it even seemed that CUC was going to replace CUP. There was some difference in prices for locals and for foreigners: for example, a train ticket or an entrance to a museum could cost 5 CUP for locals and 5 CUC for foreigners. But lots of other prices were the same for everyone, and most times could be paid with any currency using a fixed exchange rate.

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