Cuba begins process of unifying currencies


  • World
  • Tuesday, 22 Oct 2013

Cuban pesos are seen at at vegetable stall at a market in Sagua La Grande, in the province of Villaclara in central Cuba, around 240 km (149 miles) east of Havana March 11, 2012. REUTERS/Desmond Boylan

HAVANA (Reuters) - Cuba has approved a plan to gradually eliminate its dual monetary system as part of reforms aimed at improving the country's economic performance, a communique carried by official media on Tuesday said.

"The Council of Ministers has adopted a chronogram of measures that will lead to monetary and exchange unification," the government statement said, giving few details.

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