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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

U.S. stocks close higher
News Analysis: T�rkiye's move to cut trade with Israel new blow to strained ties
Reuters wins national reporting Pulitzer for Musk investigation
Crude futures settle higher
U.S. dollar ticks up
At Least 107 migrants freed from captivity in southeast Libya, spokesman says
EU eyes shipping, violations in new sanctions package, according to text
Germany boosts EV exports by 58 pct in 2023
South Africa posts continuous improvements in electricity supply
FLASH: XI SAYS CHINA-FRANCE RELATIONS BOAST A PRECIOUS HISTORY, UNIQUE VALUE AND IMPORTANT MISSION

Others Also Read