Currency Collapse in Cuba

Phil Zou
By Phil Zou
April 12, 2021Americasshare

Cuba has two different currencies. Convertible pesos, which is pegged to the U.S. dollar and mostly used by tourists and Cuban elites, and Cuban pesos, which are used by most Cubans for daily transactions.

The communist country is planning on eliminating Convertible pesos, leaving Cubans concerned that prices on the island will skyrocket.

NTD’s Phil Zou has the story.

 

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.
Comments