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Cuba bans the US dollar

Sparta | 27.10.2004 11:46 | Globalisation | Repression | Social Struggles

Fidel Castro has placed a ban on US dollars being used in all transcations on the island, instead introducing the 'convertible peso' - offering a one-to-one exchange rate with the US dollar.

See

http://news.bbc.co.uk/2/hi/americas/3957223.stm for the full story.

I see this as a step forward, stabilising the Cuban economy, and pissing off the american federal reserve bank at the same time. brilliant!

Sparta
e-mail: sparta@riseup.net

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Cuba bans the US dollar

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