Recent reports confirm that, as happened previously with the MLC, dollarization will extend to more stores than initially ...

We are still waiting for an official statement, but the uproar is important—perhaps enough to shame them into reversing the ...

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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

In recent hours, the Freely Convertible Currency (MLC) has taken a noticeable dip, falling from 270 to 265 CUP in the Cuban informal market. This decline of five pesos within just 24 hours marks a ...

Cuba has a long, turbulent relationship with the dollar. After the nationalist revolution that brought Fidel Castro to power in 1959, the dollar was strictly banned. Being in possession of a single ...

Several years into a recession, Cuba faces chronic shortages of food, medicines and essential goods, and a crippled ...

Many Cubans are turning their frustration into creativity by crafting a comical prayer to the 'Holy Dollar.' Filmed in a rallying gathering in front of the Banco de Crédito y Comercio (BANDEC), young ...

In a surprising turn of events, the euro has experienced a significant price increase in Cuba, as reported by the independent ...

On Thursday, the value of the U.S. dollar in Cuba's unofficial market saw a slight uptick, reaching 363 CUP, marking an ...