Cuba buys virtual currency
according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law
warm tips:
1. The above explanation is for reference only. Before investing, it is suggested that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
2. Investors should not use such information to replace their independent judgment or only make decisions based on such information, which does not constitute any investment operation
response time: February 18, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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advantages
complete decentralization, without issuing institutions, it is impossible to manipulate the number of issues. Its distribution and circulation are realized through open-source P2P algorithm
anonymity, tax exemption and supervision free
robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally. Bitcoin price may fluctuate and collapse, and many governments may declare it illegal, but bitcoin and its huge P2P network will not disappear
cross border. Cross border remittance will go through layers of exchange control agencies, and the transaction records will be recorded by many parties. But if you trade with bitcoin, enter the digital address directly, click the mouse and wait for the P2P network to confirm the transaction, a lot of money will pass. It does not go through any regulatory agencies and will not leave any cross-border transaction records
it is difficult for the cat to survive. Because bitcoin algorithm is completely open source, anyone can download the source code, modify some parameters, recompile, and create a new P2P currency. But these counterfeit currencies are fragile and vulnerable to 51% attacks. Any indivial or organization, as long as it controls 51% of the computing power of a P2P currency network, can manipulate transactions and currency value at will, which will be a devastating blow to P2P currency. Many Shanzhai coins die in this link. The bitcoin network is robust enough. If you want to control 51% of the computing power of the bitcoin network, the number of CPUs / GPUs required will be astronomical.
there are two kinds of currency used in Cuba, one is called Convertible Peso, peso convertible, abbreviated as CUC, which is similar to China's previous foreign exchange voucher, and can be exchanged with foreign currency. Foreign tourists also use this kind of currency when they come to Cuba, with a relatively high currency value, about 0.9259 CUC for 1 USD, However, if the use of U.S. dollar cash exchange, then to add 10% exchange tax (U.S. dollar non cash and other currencies do not charge). In Cuba, this currency is used in hotels, taxis, bus tickets, restaurants and supermarket shopping. Before 2004, CUC was equivalent to us dollar, 1 USD = 1 UC. There are seven kinds of banknotes: 100, 50, 20, 10, 5, 3, and 1. There are seven kinds of coins: 3cuc, 1cuc, 50 centavos, 25 centavos, 10 centavos, 5 centavos, and 1 centavo. One cent of them is generally not used, and is only used when the bank pays interest
the other is peso cubano, or cup. This kind of currency can not be exchanged with foreign currency. It is mainly used by Cubans and foreigners living in ancient times, such as international students, and its use is much narrower. Generally, it can only be used for purchasing agricultural procts, shopping in indivial restaurants or snack bars, shopping in shops marked with cup, taking buses, etc. 1CUC=24CUP Before the currency reform in 2004, 1cuc = 26 ~ 27cup. There are seven kinds of banknotes: 100, 50, 20, 10, 5, 3 and 1, but the printing is not as exquisite as CUC. There are six kinds of coins: 3cup, 1cup, 20 centavos, 5 centavos, 2 centavos and 1 centavo. The latter two are generally not used, and they are only used when the bank pays interest
3 Peso notes and coins were already available when I first went to Cuba. The 40 cent coin has been out of circulation in Cuba for a long time.
The name of the Cuban currency is the Cuban peso
the Cuban peso is the legal tender of the Republic of Cuba, issued by the National Bank of Cuba, with a face value of 1 / 3 / 5 / 10 / 20 / 50 / 100 / 200 / 500
Cuba is one of the few countries in the world to implement a al currency system. In addition to the Cuban peso, there is also a Convertible Peso. The "Cuban exchange certificate" can be used to replace the U.S. dollar in circulation. 1 coupon = US $0.87, and 1 peso = 25 pesos, which is equivalent to US $0.0348. In October 2004, the ancient government issued a decree banning the circulation of US dollars. At present, there are mainly two kinds of local currency in circulation
In 1959, Fidel Castro drew close to the Soviet Union and became a glorious socialist successor. At this time, Cuba not only interrupted its economic and trade exchanges with the United States, but also banned the circulation of US dollars in the territory. Since 1960, the legal currency of Cuba, the Cuban peso, has been pegged to the Soviet ruble instead of the US dollarthe United States has successively deployed missiles in Italy and Turkey. The former Soviet Union also began to deploy missiles in Cuba in order to overcome its strategic disadvantage. Although the "Cuban Missile Crisis" was not dangerous in the end, the relationship between Cuba and the United States is completely over. President Kennedy of the United States announced the implementation of a comprehensive embargo on Cuba and severed diplomatic relations
the collapse of the Soviet Union made the Cuban Peso lose its value. At this time, the economy of Cuba was severely damaged and foreign exchange was extremely scarce, so the al currency system appeared
The currency of Cuba is the Cuban peso
ways:
1. Foreign exchange market trend is attached to the futures and foreign exchange quotation software
2. Foreign exchange quotation is also available on major financial websites
3. Exchange rate information can also be queried through the foreign exchange inquiry tool provided by mobile phone
4. Most mobile futures quotation software also has exchange rate quotation of major currencies
precautions:
exchange rate is constantly changing, When using it, please refer to the exchange rate of the day you need. When you exchange it at the bank counter and online banking, you should base on the real-time quotation at that time
for example, for the latest exchange rate query, you can input & quot; Exchange rate of RMB to Cuban Peso;, You can see the latest exchange rate directly
the other is peso cubano, or cup. This kind of currency can not be exchanged with foreign currency. It is mainly used by Cubans and foreigners living in ancient times, such as international students, and its use is much narrower. Generally, it can only be used for purchasing agricultural procts, shopping in indivial restaurants or snack bars, shopping in shops marked with cup, taking buses, etc. 1CUC=24CUP Before the currency reform in 2004, 1cuc = 26 ~ 27cup. There are seven kinds of banknotes: 100, 50, 20, 10, 5, 3 and 1, but the printing is not as exquisite as CUC. There are six kinds of coins: 3cup, 1cup, 20 centavos, 5 centavos, 2 centavos and 1 centavo. The latter two are generally not used, and they are only used when the bank pays interest.