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Definition of 'CUP'
The ISO 4217 currency code for the Cuban peso, one of two official Cuban currencies. The Cuban peso (CUP) is the national currency of Cuba and is used by Cuban nationals. The CUP's subunit is the centavo. CUP coins are minted in 1, 2, 5, 20, 40, $1 and $3 denominations. Banknotes are printed in $1, $3, $5, $10, $20, $50 and $100 denominations. The CUP is issued by the Central Bank of Cuba.
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