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The peso (ISO 4217 code: CUP), also called the "national peso" or in Spanish moneda nacional, is one of two official currencies in use in Cuba, the other being the Cuban Convertible Peso (CUC) , occasionally referred to as "dollar" in spoken language. The Cuban Peso is subdivided into 100 centavos and has smallest value equal to 0.01. This currency is not exchanged outside Cuba.