Big step for Cuba in terms of economic reforms.
“What’s up with the two currencies?” This is the question I heard without fail every time I met an older US American on the tourist circuit in Cuba. Those who have never traveled to the island nor studied it in depth may not know that the country operates a system of doble moneda, or two currencies. One of these, the CUC, is valued at 24 or 25 times more than the other, the Cuban peso. Continue reading Cuba: Two Currencies, Infinite Problems