Cuba to End Circulation of US Dollar Nov. 8
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Cuba said on Monday that it was ending circulation of the US dollar in its territory as of Nov. 8 in response to tightened US economic sanctions.
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China has been cutting dollar assets in its foreign exchange reserves to avoid losses stemming from the weakening of the US currency, the China Business News said on Friday.
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BUCK STOPS HERE: Cuba announces that dollars will no longer be accepted in stores and businesses, saying it is trying to regain control of its economy as Washington cracks down on the flow of the U.S. currency to Cuba. A convertible peso will be put in circulation.
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Five days after falling and fracturing a  knee and an arm, Cuban President Fidel Castro appeared on  television on Monday with his arm in a sling to announce Cuba  will end circulation of the U.S. dollar.
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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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Repression is increasing in Cuba under the control of Raul Castro, and the domination of the government by his brother, Fidel, is nearing an end, Bush administration officials said Tuesday.
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Cuba will open a currency exchange window to trade Japanese yen, Canadian, European and Latin American currencies for the convertible peso, the local currency the government is using to replace the US dollar, the communist party daily Granma announced Tuesday.
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HAVANA/PANAMA CITY  - Cuba severed diplomatic ties  with Panama on Thursday in anger at its outgoing leader  pardoning four Cuban exiles imprisoned for plotting to kill  President Fidel Castro in 2000.
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The government has taken US dollars out of circulation following the recent tightening of US sanctions against Cuba.
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HAVANA - Cuban Central Bank president Francisco Soberon said he is committed to ensuring the convertible peso remains on par with the US dollar in the wake of his country&#39;s currency replacing dollars as legal tender.
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The United States will push China to untie its currency from the dollar as soon as possible, a top U.S. Treasury Department official said Friday ahead of the Group of Seven finance ministers meeting.
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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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The dollar is likely to drop on concern that international investors are scaling back purchases of US assets, according to a Bloomberg survey of currency traders and strategists.
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Cuban leader Fidel Castro appeared on television Monday with an arm sling to give weight to an announcement on the ban of transactions in US dollars in his country.
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HAVANA -- Cubans rushed to change dollars into local pesos yesterday as President Fidel Castro's communist government prepared to end circulation of the US currency after a decade.
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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
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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.