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The Cuban Peso (CUP) is the official currency of Cuba, primarily used for everyday transactions within the country. It is distinct from the Cuban Convertible Peso (CUC), which was previously used for tourism and foreign transactions, and serves to regulate the local economy and control inflation.
The United States Dollar (USD) is the official currency of the United States and is widely used as a global reserve currency. It plays a crucial role in international trade and finance, serving as a standard unit of account for many countries around the world.