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Cuba Manages Remittance Flows to Promote Its Economic Growth
30 Jan 2025 18:07 GMT
… accounts in Freely Convertible Currency (MLC) and their … out transactions in foreign currency. Additionally, authorities have … monetary and financial policies, Cuba aims to increase the … in the foreign currency sales network. The Cuban peso remains the …
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Guyana’s currency stands as a total shame
30 Jan 2025 09:16 GMT
… areas of concern.
The Guyana currency at $209 Bank exchange rate … biggest shames also is the Cuban peso. The Cuban pesos is $24 … care of their families in Cuba and to survive in Guyana … Dr. Roshan Khan.
(Guyana’s currency stands as a total shame …
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Cuba’s telco has a peculiar procurement problem
29 Jan 2025 12:53 GMT
… blighted Caribbean island of Cuba. The country’s perpetually …
Now, thanks to Translating Cuba, which has translated and … have two official currencies: The Cuban peso (CUP) and the Cuban … Cuban government abandoned the dual currency system in January 2021, …
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Etecsa Will Start Charging for Some Services in Dollars Inside Cuba
25 Jan 2025 08:29 GMT
… . While it lacks foreign currency to invest in its deteriorated … number of recharges in national currency for the same customer. … between foreign exchange and the Cuban peso – as the state exchange … serious journalism that reflects Cuba’s reality in all …
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The return of the dollar to Cuba: A long hand dips into the pockets of exiles
25 Jan 2025 06:09 GMT
… currency. The payment system associated with the Cuban peso is dysfunctional, the Cuban peso … ’s economic embargo against Cuba.
“Dollarization isn’t ideal … of pride. The Cuban peso is a symbol of … of independence. Renouncing the Cuban peso has never been among …
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As Cuba-US relations sour, the island needs dollars more than ever
24 Jan 2025 11:29 GMT
… officials and economists say.
Cuba's government has … accepting only a digital currency pegged to the dollar, … dollars, versus the local peso currency, also underscores growing inequality … and other sources of foreign currency, economists like Everleny say …
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Cuba emerges as growing tourism destination for Turks
21 Jan 2025 07:02 GMT
… Jorge Alberto García Dominguez, Cuba’s Deputy Minister of Tourism … tourism potential between Türkiye and Cuba.
“The Turkish market … Despite its subtropical climate, Cuba’s winter months of January … cars.
Although the Cuban peso is the official currency, the U.S …
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What Will Happen in Cuba with the MLC in 2025?
21 Jan 2025 02:50 GMT
… depreciate. According to the Cuba Currency and Finance Observatory, amid … the dollar and the Cuban peso, due to doubts about … dropped significantly in the informal currency market. However, the … disappears almost instantly when the currency enters.
There’s no …
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Cuba's New Dollar Frontier Reshapes Nation's Economic Realities
20 Jan 2025 17:37 GMT
… pivot: to survive, Cuba decriminalized possession of dollars. … alongside the Cuban peso (CUP), creating a dual currency scenario … Libremente Convertible). This virtual currency, denominated in Cuban bank … ’s long history of currency experimentation.
Also Read: …
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Life in Cuba has grown harder. Biden’s modest reversal was too little too late
17 Jan 2025 09:12 GMT
… announced additional restrictions blocking Cuba’s access to cryptocurrencies … production somewhat behind.”
“Cuba is having to import … a national peso (CUP) and a convertible peso (CUC) … freely convertible currency) cards — a virtual currency used in state …