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Event Description

Cuba's dual currency system has been a central facilitator of its ongoing economic restructuring and diversification since the 1990s. For the past few years, however, a much-awaited process has been initiated to eventually eliminate the Cuban Convertible Peso (CUC). Recent attempts at currency unification include listing prices in both currencies and accepting peso payments in divisa stores, printing higher denomination peso bills, and converging exchange rates in certain sectors. Based on ethnographic research, this talk will address the socio-cultural and political implications of the currency reform process to show how it partly dissolves economic bifurcation, but also throws into sharp relief over two decades of psychological separations and conflicting expectations of state and market spheres in Cuba.



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Cuban Research Institute


Arts and Humanities

Currency Conversions: Foreshadowing the End of Cuba's Dual Economy



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