According to the Agence France-Presse, Cuba devaluated convertible peso by 8 per cent in order to return the currency rate up to the US dollar parity level. Cuban authorities have also taken such steps for maintaining country’s economy. It is considered that devaluation helps exporters to get extra profit and raise domestic demand level for home-produced goods because of the imported goods’ prices rise. There are two currencies in Cuba – usual pesos (CUP) and convertible pesos (CUC). The latter is usually used by foreign tourists who change them for Euro and Dollars. Besides, convertible pesos are used for paying currency services and shopping in “dollar” stores. The convertible pesos which were equalized to the US Dollar by Cuban authorities according to the artificially established rate first appeared in 1994. At the same time a one-to-one proportion to the US Dollar parity level was established for them. In 2005 the convertible pesos were revalued up to the 1.08 peso for dollar. Havana has explained such a decision by the USA “irresponsible” policy towards Cuba and dollar devaluation against other currencies. In December 2010, Cuban authorities offered to unite peso and convertible peso but finally it was not implemented.