Cuba Stops Circulating U.S. Dollar After a Decade
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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 United States remained Cuba's main supplier of food and farm products in 2007, selling the communist-run island more than $600 million in agricultural exports despite its trade embargo, a top official said Monday.
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The US economic embargo of Cuba jumped to the top of the Castro governmentâs agenda on Thursday. For the 13th year in a row, the United Nations General Assembly approved a resolution condemning the US embargo.
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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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Powerhouse Cuba has pulled out of the amateur World Boxing Championship in Chicago in October to avoid new defections by its boxers, the Cuban Boxing Federation said on Wednesday.
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US 10-year Treasury notes fell for a fifth week after a report that a Chinese central bank official said his country trimmed its holdings of US government debt.
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After a year in which the U.S. dollar fell 5 percent against the euro, the sharply weaker currency isn't expected to rebound soon - and that means it will likely keep eating into European exports, growth and ...
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Cuba announced Monday that U.S. dollars will no longer be accepted at businesses and stores on the communist island starting next month in a move that will radically change the way cash transactions have been done there over the past decade.
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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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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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Cuba announces a ban on commercial transactions in dollars in response to tighter US sanctions.
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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 dollar's slide against the euro and yen halts as US Treasury Secretary John Snow says a strong currency "is in America's interest".
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The US 10-year Treasury note fell this week in New York as a drop in the dollar to a record against the euro spurred speculation foreign demand for Treasuries and other US financial assets will dim.
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Gilberto Sago remembers the time, before the collapse of the Soviet Union thrust Cuba's economy into crisis, when a pound of pork cost just four Cuban pesos, or about 15 cents.
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Cuba sought fresh support from the American people and the United Nations to end the four-decade U.S. embargo on the island, and dismissed the Bush administration's campaign to topple Fidel Castro as a failure.
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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.