The informal exchange rates for foreign currencies are experiencing a period of stability in Cuba, as reported by the ...

In a fresh bid to attract foreign currency, a report from the state-run television program Mesa Redonda revealed that a new ...

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

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Cash-starved Cuba this month opened the first grocery store to accept hard U.S. currency on the island in nearly two decades, ...

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

The Cuban convertible peso or "chavitos" are equivalent to one US dollar. However the "convertible" description of the new currency is questioned since it's only accepted in Cuba although it ...

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.

Depending on the restaurant, store, or service, one might pay with the Cuban peso, the dollar, the euro, or the MLC, a virtual currency launched in 2019 by the government. The MLC is used by ...

Cuba has opened its first grocery store in nearly two decades to accept U.S. dollars. This move highlights the island's gradual shift towards dollarization, aiming to tackle economic challenges ...