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At Havana, Bittersweet Memories of Cuba
01 May 2025 08:11 GMT
… "Everyone is leaving Cuba," Ortega said. … , Cuba ended its dual-currency system, unifying the Cuban peso ( … CUP) as the sole currency … and eliminating the convertible peso …
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Cuba freezes foreign companies’ accounts and restricts repatriation of foreign currency
10 Apr 2025 20:47 GMT
… the repatriation of foreign currency.
This decision comes … declining Cuban peso value.
Foreign companies operating in Cuba have … . Additionally, the dual currency system and ongoing reforms … and restrictions on currency repatriation reflect Cuba’s efforts to …
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Cuba Expands USD Stores While Wages Are Paid in Pesos
09 Apr 2025 22:40 GMT
… and exclude the magnetic MLC currency.
However, recent reports confirm … measures aimed at raising foreign currency revenues shows that the government … where it was claimed the peso-based stations wouldn’t be … Times.
Read more from Cuba here on Havana Times.
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Cash Dollars in Cuba’s New Stores, in Hotels No, Go Figure!
23 Mar 2025 22:06 GMT
… complicates tourist spending in Cuba
K Tower employees received … spread everywhere and sink the Cuban peso.” For the time being … equivalent in another available currency, provided they present their … by Translating Cuba.
Read more from Cuba here on Havana …
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Faced with a 990-Peso Price Cap, Cuban Shop Owners Opt Not to Sell Cooking Oil
16 Mar 2025 20:46 GMT
… to the government’s 990-peso per liter limit, “it [too … as of Wednesday, the US currency is essential for purchasing products … .”
Rather than violate the 990-peso price cap, the owner of … practicing serious journalism that reflects Cuba’s reality in all its …
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With the ‘Instability’ of the Family Basket, Cuba’s Ration Stores Run Out of Cash
02 Mar 2025 07:57 GMT
… [post offices], Casas de Cambio [currency exchanges], Cupet [gas stations] and … , the Central Bank of Cuba announced that the amount of … .
Translator’s note: The peso/dollar exchange rate is … practicing serious journalism that reflects Cuba’s reality in all …
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Despite Their Profits in Cuba, a Spanish Luxury Hotel and a Canadian Hotel Refuse To Pay Extra to Their Staff
28 Feb 2025 02:58 GMT
… of income in foreign currency and for the efficiency … Convertible Peso (CUC), leaving the Cuban peso as the only national currency, raising … payment only in hard currency which must be in … practicing serious journalism that reflects Cuba’s reality in all …
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In Cuba, high octane gasoline becomes first basic good sold only in dollars
20 Feb 2025 07:39 GMT
… premium, high octane gasoline.
In Cuba, food, fuel and other items … also for years operated hard-currency grocery stores with high-quality … modern car but a peso-denominated salary in Cuba, where there is … shortages of basic goods.
Cuba blames the Cold War-era …
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Fatally Injured, Cuba’s Hard Currency (MLC) Stores Refute the Official Speech About Their Continuation
17 Feb 2025 07:04 GMT
… monitor stores in freely convertible currency (MLC) in Havana. … When they removed the convertible peso in 2021, the decline began … television that the freely convertible currency will be maintained, but … serious journalism that reflects Cuba’s reality in all …
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The Dollar Is Frozen in Cuba Despite Trump’s Limitations on Remittances
15 Feb 2025 22:41 GMT
… informal exchange rate of the peso for the dollar on … recent report of the Cuban Currency and Finance Observatory (OMFi), … remittances to Cuba in dollars in cash or in national currency with … practicing serious journalism that reflects Cuba’s reality in all …