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!
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
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