Young reporter with article showing place in Caribbean

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Possible Answers: CUBA.

Last seen on: The Telegraph – Cryptic Crossword – July 10 2017

Random information on the term “CUBA”:

The peso (ISO 4217 code: CUP, sometimes called the “national currency” or in Spanish moneda nacional) is one of two official currencies in use in Cuba, the other being the convertible peso (ISO 4217 code: CUC, occasionally called “dollar” in the spoken language). There are currently 25 CUP per CUC.

Most Cuban state workers receive their wages in national pesos, but some receive a portion of their salary in convertible pesos. Shops that sell basics like fruit and vegetables generally accept only the normal peso. “Dollar shops” sell the rest. The word “pesos” may refer to both types of money.

Cuban convertible pesos are 25 times more valuable, but that does not completely eliminate the confusion for tourists. Since goods bought in national pesos have government-controlled prices, tourists are sometimes confused by prices that look “too cheap.” The hard (CUC) pesos are easy to tell apart from the national (CUP) ones, as CUC coins have an octagonal shape within the outer round rim. The only exception to this is the most common CUP coin, the 1 peso, also has this octagonal shape. Also, CUC currency shows monuments, and CUP bills have portraits.

CUBA on Wikipedia