Cuban peso (CUP)
1 articleWithin Cuba, the Cuban peso provides the principal currency unit under the ISO code CUP. The monetary framework is administered by the Central Bank of Cuba; cash circulates in banknotes and coins, with the centavo as the minor unit. The peso is the continuing national currency after withdrawal of the former convertible peso, which prevents the two Cuban units from being treated as interchangeable. Coverage distinguishes the currency from the jurisdiction that uses it and from the authority that manages monetary policy or cash issuance.
King Farouk's coin auction scattered treasures and changed collecting forever
When Egypt sold off King Farouk's legendary coin collection in 1954, thousands of rare coins hit the market at once. The sale set new standards for value, provenance, and showed the risks of forced liquidation in times of upheaval.