Cuba to End Circulation of U.S. Dollar Nov. 8
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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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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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A retaliatory 10% tax on exchange operations involving US dollars comes into force in Cuba on Monday.
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Cuba has won approval for a draft resolution at the 21-nation Ibero-American Summit condemning a Panamanian pardon for four men accused of trying to assassinate Cuban President Fidel Castro at a meeting four years ago.
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Cuba ended a diplomatic deadlock with eight European Union nations on Monday in response to proposals by EU officials to stop inviting dissidents to National Day receptions in Havana.
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Communist rule of Cuba should end when ailing leader Fidel Castro dies, President Bush said as he prepared for a Latin American tour this week.
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The dollar eased toward last week's  record low against the euro on Thursday after capital inflows  data added to worries the United States may struggle to fund  its current account deficit.
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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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The US and Cuba have launched into another bitter war of words following Cuba&#39;s decision to ban transactions in dollars on the island.
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HAVANA - Fidel Castro may have recently stopped circulation of US dollars in Cuba, but that isn&#39;t stopping a multi-million dollar agricultural deal between the two countries.
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The widening US current account deficit will require a decline in the value of the dollar, a top Federal Reserve official said on Thursday.
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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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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 US dollar.
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This lucrative currency strategy may be coming to an end.
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Putting an end to nearly five decades of animosity between Cuba and its ideological foe the United States depends entirely on Washington, Cuban leader Fidel Castro said in an editorial published on Monday.
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US Dollar ended transactions in Cuba on Monday under an order by the authorities. From Monday dollar transactions in stores, hotels, restaurants and other business, which have
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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.