Lack of access to foreign currency means monopoly operator, Etecsa, is unable to invest in its network It has an ...

The Díaz-Canel government has announced a ‘partial dollarization’ in its latest attempt to steer a completely bankrupt ...

On today’s episode, Kimberly takes us along her trip to Cuba, a country that remains under strict U.S. economic sanctions. She explains some unique aspects of the Cuban economy, from how the currency ...

HAVANA (Reuters) - Cash-starved Cuba this month opened the first grocery store to accept hard U.S. currency on the island in ...

A supermarket that accepts dollars has opened in Havana, part of growing dollarization in Communist-led Cuba. The government is short of foreign currency, which it says it wants to use to fund social ...

Trump’s decision to return the island to the list of countries sponsoring terrorism halted the release of the 553 detainees ...

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STORY: This is the first grocery store to accept hard U.S. currency in Cuba in nearly two decades. Open a few weeks, it's part of the growing use of the dollar in the Communist-run country ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Havana Club will keep churning out its famously smooth rum even as Cuba's sugar cane harvests plummet to historic lows and ...

The value of the euro has seen a minor increase in Cuba's informal currency exchange, now reaching 343 Cuban pesos (CUP) as ...