On February 13th, the U.S. dollar, euro, and Freely Convertible Currency (MLC) remained unchanged in value within Cuba's ...

Despite predictions of its imminent demise, the Freely Convertible Currency (MLC) in Cuba unexpectedly appreciated in value ...

The Díaz-Canel government has announced a ‘partial dollarization’ in its latest attempt to steer a completely bankrupt ...

Cash-starved Cuba this month opened the first grocery store to accept hard U.S. currency on the island in nearly two decades, the latest sign in a trend towards dollarization in the Communist-run ...

said Cuba was returning to a strategy that worked in the 1990s after the fall of the Soviet Union left its local currency useless and it allowed dollars to circulate freely. “It is an option ...

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Though bitcoin is among the newest forms of currency, Mark Cuban says many investors treat it like one of the oldest: gold. Interest in "gold isn't based off the supply and demand of jewelry," the ...

Western Union has indefinitely suspended money transfers to Cuba citing new US sanctions that are likely to further undermine ...

Among the affected entities is FINCIMEX, the Havana-based financial company that processes money transfers to the island.

The latest, and perhaps most significant step towards modernising the country’s economy has been the announcement last month that Cuba would be doing away with it’s complicated dual currency system.

Lack of access to foreign currency means monopoly operator, Etecsa, is unable to invest in its network It has an ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.