HAVANA (Reuters) - Cuba has devalued its convertible peso by 8 percent in a move aimed at attracting more foreign exchange and stimulating exports, according to a central bank resolution published on ...

Cubans read the currency rates at an exchange bureau in Havana. Cuba devalued its convertible peso by eight percent Monday to the level of parity with the US dollar as part of efforts to boost the ...

The Cuban Convertible Peso, CUC, or “chavitos” as they are called locally became effective this Monday substituting the widely circulated U.S. dollar, with the Central Bank stating that control over ...

HAVANA, Cuba — The Central Bank of Cuba has announced an 8 percent devaluation of the island’s hard currency, the Cuban Convertible Peso or CUC. HAVANA, Cuba — The Central Bank of Cuba has announced ...

HAVANA – The value of a dollar in Cuba (search) dropped to 90 cents on Monday as a surcharge on the American greenback took effect, the latest step in the island nation's conversion from an economy ...

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After a failed attempt a few years ago to unify its monetary system, Cuba announced the elimination of the double currency on Tuesday. This is the latest step by Havana to reorganize its socialist ...