x
  1. Home  »  
  2. Miscellaneous

Cuban government set to unify two of its currencies as of January 1

Cuban currency

Shortpedia

Content Team
Image Credit: Shortpedia

Cuban President Miguel Diaz-Canel said on Thursday that the government is going to unify its two currencies, the Cuban peso and convertible peso, as of January 1. The two currency system has existed in Cuba for nearly three decades. From January 1, 2021, there will be a single exchange rate in the country that is 24 Cuban pesos for one dollar. Diaz-Canel said the reform will "place the country in a better condition."


miscellaneous