Cubans fret as government prepares currency unification


  • World
  • Tuesday, 18 Mar 2014

HAVANA (Reuters) - Cuba is laying plans to move to a single currency, a reform that many feel is one of the toughest challenges facing President Raul Castro as he tries to kick-start the Communist country's moribund economy.

For years Cuba has had two currencies -- the peso (CUP), in which most wages are paid and local goods priced, and the convertible peso (CUC), used in tourism, foreign trade and some stores carrying imported goods.

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