The Cuban peso traded on the informal market at an all-time low of 400 to the dollar on Monday, as the partial dollarization ...

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.

Have you ever found yourself in a financial exchange that you don’t quite understand while traveling? Imagine hotel staff in Cuba coming to you, eager to exchange your large Canadian banknotes for ...

HAVANA (AP) - Cuba's central bank is devaluing the country's two types of peso by about 8 percent in relation to the dollar and other foreign currencies, hoping the move ...

HAVANA (AP) - Cuba will eliminate a currency pegged to the dollar as part of a move to end its unique double-currency system, which had become a symbol of ...

Cuban money is worthless for buying food and barely anything else … and I don't have a single dollar,” said retiree Freddy Portillo, who has a 1,500-peso pension, as she walked through a main ...