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Commodities Briefing - Categorized | Currencies more

Cuba: Two currencies, two realities

Posted on 28 October 2013

When the beginning of a timeline to eradicate the dual currency was announced this week, the two countries that converge on this Island reacted differently. The Cuba that lives only on its miserable wages felt that finally they had started to put an end date to an injustice.
They are those who cannot even have a photo taken on their birthday, pay for a collective taxi, nor imagine themselves traveling anywhere. For them, any process of unifying the currencies can only bring hope, because it couldn’t be any worse than it is now. The other country, in convertible pesos, received the news with great caution. How will the exchange rate change relative to the dollar or the euro?……………………………………….Full Article: Source


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VRS - who has written 37608 posts on Opalesque Commodities Briefing.


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