Cuba to No Longer Accept US Dollars
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Cuba announced Monday 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
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Developing countries with substantial reserves in US dollars will lose wealth if the American currency depreciates further, but are unlikely to quickly offload their
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HAVANA, November 6 (Itar-Tass) - Cuba is developing trade with US companies despite the continued blockade that the Americans imposed on it 40 years ago.
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Cuba on Monday blasted a new move by a U.S.-funded TV Marti to provide its anti-Fidel Castro programming to Spanish-language stations in Miami that are picked up by popular illegal satellite dishes on the island.
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Cubans have been joining long queues to hand in their US dollars, before a deadline making them officially worthless in two weeks&#39; time.
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Zimbabwe's currency plunged to new depths on Friday as the U.S. ambassador to Harare predicted galloping inflation will force President Robert Mugabe from office before the end of the year.
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The United States has been ordered to withdraw some of its support for producers of cotton and other commodities, according to a World Trade Organization report made public Wednesday.
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After a decade as the dominant currency to buy everything from shampoo to canned food to furniture, the U.S. dollar was eliminated from circulation Monday in Cuba.
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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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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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The Cuban Convertible Peso, CUC, or âchavitosâ as they are called locally became effective this Monday substituting the widely circulated US dollar, with the Central Bank stating that control over the nation&#39;s money circulation underlines sovereignty
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WASHINGTON -- The Bush administration on Friday won a commitment from China that it will move to a flexible, market-based currency.
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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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Cuba accuses the US of issuing fewer entry visas to Cubans than allowed for by a deal between the two countries.
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Cuban press authorities have told the Havana correspondents for the Chicago Tribune, the BBC and a major Mexican newspaper that they can no longer report from the island
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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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The Cuban government has stopped the use of United States dollars in its transactions following the United States move to freeze all international transactions related to Cuba.