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By Marc Frank HAVANA -The Cuban peso traded on the informal market at an all-time low of 400 to the dollar on Monday, as the partial dollarization of the state-dominated economy gained momentum, ...
HAVANA – Cuba is the only country in the world that mints two national currencies, a bizarre system that even President Raul Castro acknowledges is hamstringing the island's socialist economy ...
In the midst of the misery plaguing the island, the Cuban military has dollar reserves larger than the international reserves of nations like Costa Rica, Uruguay and Panama.
Cuba has managed to control the spread of the new coronavirus. In four months, authorities say it infected 2,446 people. But they reported no new confirmed cases on Monday.
And yet, in the midst of the misery, the Cuban military is riding high: Its bank accounts are stuffed with cash, as much as $18 billion — an amount larger than the international reserves of ...