Two Havana department stores began on Monday to give change only in pesos, inste...
HAVANA - Two Havana department stores began on Monday to give change only in pesos, instead of the local dollar equivalent known as the convertible peso, in another step toward ending Cuba’s dual monetary system.
“Depending on the results and effectiveness of the experiment, its gradual extension to other commercial establishments in Havana and the rest of the provinces will be evaluated,” the Central Bank said. Cubans are largely paid the equivalent of less than 100 dollars per month in pesos, irritating the population, which is often charged convertible pesos at retail outlets.
In November, Cuba banned the import and export of convertible pesos and began charging travelers in tradable currencies at airports once past the gate.
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