Cuba shuts out the US dollar
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HAVANA - Cuba ended circulation of the dollar on Monday to reduce its vulnerability to US sanctions, and shops, restaurants, gas stations, hotels and other businesses began accepting only Cuban convertible pesos.
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Cuban President Fidel Castro, seeking to rid his country of the currency of his arch-enemy, said on Monday Cuba was ending circulation of the US dollar as of Nov. 8 in response to tightened American sanctions.
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The dollar sinks to 19-month lows of $1.30 against the euro amid concerns for the health of the US economy.
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Cuban President Fidel Castro, seeking to  rid his country of the currency of his arch-enemy, said on  Monday Cuba was ending circulation of the U.S. dollar as of  Nov. 8 in response to tightened American sanctions.
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The US dollar sank anew against other major currencies yesterday, even though Japanese officials publicly raised the prospect of joining with European governments to brake its slide.
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Cuba announced Monday that U.S. dollars will no longer be accepted at stores or other businesses on the communist island starting next month in a move that will radically change the way business has been done there over the past decade.
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Cuba is planning to ban the use of US dollars on the communist Caribbean island in answer to tighter US sanctions. Cuban leader Fidel Castro announced his decision on Monday
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HAVANA : The US dollar disappeared from stores, hotels and restaurants in Cuba in what communist leader Fidel Castro has called a move to counter US attempts to stifle the island&#39;s economy.
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The U.S. dollar is now worth less than it at any time since Richard M. Nixon cut the dollarâs ties to gold in 1971.
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The dollar took a nose-dive on  Wednesday after a much wider-than-expected November U.S. trade  deficit fueled a sell-off in the currency.
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Cubans jammed banks and exchange kiosks  to swap their dollars for local pesos on Thursday, as the  communist government, retaliating for tightened sanctions,  moved to pull the U.S. currency from general circulation.
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The dollar sank to a new all-time low against the euro as markets brushed aside tougher talk from European officials urging action to reduce global economic imbalances.
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NEW YORK Suddenly all eyes are on a weakening dollar. In recent days, the American currency has fallen against the euro, the yen and most other currencies around the world.
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The US dollar sank to a new all-time low against the euro Tuesday as a mini-rally in the US currency sputtered out. The euro rose to a new high of $1.3469 in European trading amid concerns over the US trade
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The US dollar went down to a record low of $1.33 to the euro at the end of last week amid signs that foreign central banks, which have invested heavily in US treasuries and other forms of debt
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Cuba ended circulation of the dollar on  Monday to reduce its vulnerability to U.S. sanctions, and  shops, restaurants, gas stations, hotels and other businesses  began accepting only Cuban convertible pesos.
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The dollar plunged to a new low against the euro Thursday, which hit $1.3074 US in a rise that has been fuelled by nagging concerns about high oil prices and Washington&#39;s trade and budget deficits.