Banking

Currency Unification Gets Closer

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Currency unification is on the horizon, although it, in itself, is not enough to reorder and update Cuba’s economy according to some experts. Unification of Cuba’s system of money will be a part of the entire process to strengthen national economic performance. The current economic situation, negatively influenced by the hardening of sanctions by the United States and the national and global impact of COVID-19, magnifies the continuing problems of the use of two currencies in the country. It’s a problem that can no longer be ignored. US sanctions…

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