Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
EU offers to assist Cuba with monetary consolidation: EU official
Source: Reuters
#WORLD NEWS JANUARY 31, 2018 / 3:57 PM / UPDATED 8 MINUTES AGO
EU offers to assist Cuba with monetary consolidation: EU official
Nelson Acosta
3 MIN READ
HAVANA (Reuters) - The European Union has offered to advise Communist-run Cuba on consolidating its two currencies, drawing on its experience from introducing the euro, an EU official said on Wednesday during a visit to Havana.
Cuba has had two currencies for more than a decade, the peso (CUP), in which most wages are paid and local goods are priced, and the convertible peso (CUC), used in tourism, foreign trade and some stores carrying imported goods.
The government has vowed to unify the currencies and there have been rumors that it would finally do so this year since President Raul Castro said in December that reform could no longer be delayed.
“We have offered technical assistance to the Cuban government to share our experience,” said Stefano Manservisi, director general of International Cooperation and Development of the European Commission, said at a news conference.
-snip-
EU offers to assist Cuba with monetary consolidation: EU official
Nelson Acosta
3 MIN READ
HAVANA (Reuters) - The European Union has offered to advise Communist-run Cuba on consolidating its two currencies, drawing on its experience from introducing the euro, an EU official said on Wednesday during a visit to Havana.
Cuba has had two currencies for more than a decade, the peso (CUP), in which most wages are paid and local goods are priced, and the convertible peso (CUC), used in tourism, foreign trade and some stores carrying imported goods.
The government has vowed to unify the currencies and there have been rumors that it would finally do so this year since President Raul Castro said in December that reform could no longer be delayed.
“We have offered technical assistance to the Cuban government to share our experience,” said Stefano Manservisi, director general of International Cooperation and Development of the European Commission, said at a news conference.
-snip-
Read more: https://www.reuters.com/article/us-cuba-eu/eu-offers-to-assist-cuba-with-monetary-consolidation-eu-official-idUSKBN1FK32B