Cuba ends US dollar use
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The US dollar, after a decade as the dominant currency for buying everything from shampoo to canned food to furniture, is no longer accepted in Cuba as of yesterday.
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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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Cuba's Communist government has signaled  a crackdown on the use of black-market satellite dishes, just  over a week after ailing leader Fidel Castro temporarily  relinquished power to his brother.
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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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Heightened scrutiny of banking transactions by the United States since the September 11 attacks has led European and Canadian banks to curtail dealings with Cuba, bankers and businesses say.
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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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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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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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Cuba on Wednesday cheered the new U.N. human rights watchdog's agreement to stop monitoring alleged abuses on the island, with Foreign Minister Felipe Perez Roque saying the decision left the United States "hanging and we yanked away the ladder."
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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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Communist Cuba said "adios" to the Yankee dollar that shored up its struggling economy for a decade, launching a two-week process Tuesday to eliminate the U.S. currency from circulation in its stores and businesses in response to stepped-up American sanctions.
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Cubans and tourists lined up to change U.S. dollars into local currency Sunday, the last day to do so without paying a 10 percent surcharge that is part of a government measure to eliminate the dollar from circulation on this communist-run island.
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The State Department says Cuba&#39;s move to ban the circulation of dollars underscores the weakness of Fidel Castro&#39;s communist government.
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Cuba severed diplomatic ties with Panama on Thursday, retaliating within hours for the president&#39;s pardoning four Cuban Ã©migrÃ©s accused of trying to assassinate Cuban President Fidel Castro.
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Cuba and the US trade bitter words after Cuba announced it was banning the use of dollars on the island.
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The story of the last week has been the fall and fall of the dollar with the currency touching daily record lows against the euro.
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Cuba broke off diplomatic relations with Panama after Panama&#39;s President Mireya Moscoso pardoned four Cubans convicted over a plot to kill Cuban leader Fidel Castro, Agence France-Presse reported.