Cuba devalues convertible peso to match US dollar
21 03, 2011 08:57 Category: Caribbean
According to a BBC report dated 14 March 2011, Cuba is devaluing the convertible peso by approximately 8% to place it at par with the US dollar in an effort to boost exports and local production, and to make travel to Cuba more affordable to tourists.
Courtesy of Aidan Work.
Courtesy of Aidan Work.