Archive for November, 2009

CUC – Cuban Convertible Peso to be eradicated by Cuban Government

In another sign that Cuba´s economy is walking a financial tight rope the government is set to abolish the CUC or Cuban Convertible Peso by March 2010.
 
Introduced as the brain child of Fidel Castro in a measure to eradicate the U.S Dollar and also reduce the value of remittances, the CUC was an effective method [...]

image image image