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Cuba is taking another swipe on the dual currency system
HAVANA (Reuters) – On Monday, two department stores in Havana began to change only in pesos, rather than the local dollar equivalent known as the convertible peso, in another step towards the end of the dual monetary system in Cuba.
In a brief note released by state-run media, the...
Currency Exchanged Exceeded $6.6 trillion
The Bank for International Settlements ' recent survey, conducted in April, found that overall amounts of currency exchanged exceeded $6.6 trillion Nevertheless, while other economies are smaller than before the global economic crisis, the amounts of foreign exchange have more than tripled.