The Cuban government turned the economic clock back a decade Monday with an announcement that it would soon stop accepting the U.S. dollar and instead require the so-called ”convertible” peso as the only form of payment at businesses across the island. Economists said the new measures, which take effect Nov. 8, was yet another move in a series of steps in recent months to further consolidate control over the circulation of U.S. currency and raise needed money for the government. Under the new rules, the government keeps 10 percent of all money being coverted. Full Story
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