Cuba to ban use of US dollar
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HAVANA - Cuba is moving to end circulation of the widely-used US dollar, a response to tighter American sanctions on the communist island.
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HAVANA -- Cuba announced yesterday that US 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. The measure called for all such transactions to be done in a local currency known as convertible ...
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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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CORAL GABLES, Florida  - The U.S. economic embargo against Cuba has deprived its communist government of funds it might otherwise have used for military adventures, U.S. Commerce Secretary Carlos Gutierrez said on Thursday.
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Cuba has ended circulation of the US dollar in an attempt to resist a tightening US blockade. Dollar transactions that have been allowed for the last 11 years were replaced by convertible Cuban pesos, which are worthless outside Cuba.
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Cuba has agreed to buy about &#36;125 million in farm goods from U.S. companies attending trade talks in Havana, officials said.
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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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HAVANA  - Thousands of Cubans queued up yesterday to swap US dollars - which have been legal tender here for over a decade - for local convertible pesos, in a mad rush ahead of November 8, when US currency will be locked out of commercial transactions
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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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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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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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Officials say the country will move away from peg of 8.28 yuan to the dollar amid US pressure. WASHINGTON  - Chinese officials reiterated that the country would move toward a flexible foreign exchange
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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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Iran is to move its foreign currency reserves from dollars to euros as the US continues to press for sanctions against Tehran.
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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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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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The State Department says Cuba&#39;s move to ban the circulation of dollars underscores the weakness of Fidel Castro&#39;s communist government.