Cuba will begin allowing transactions in dollars and other foreign currencies as it tries to stabilize an economy that’s been ...

In recent days, the value of the Freely Convertible Currency (FCC) in Cuba has surged dramatically, following months of ...

The announcement of a new state-run system to manage, control, and allocate foreign currency within Cuba has triggered a wave ...

The Cuban government published several regulations in the Official Gazette on Thursday, formalizing the use of foreign ...

The independent website publishes a daily exchange currency tracker that the authorities are holding responsible for ...

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, stoking social ...

For most people in Cuba, life on the island has in recent years taken a tragic turn: The economy has collapsed, the poorest Cubans dig food from trash heaps, and many die from lack of medications, ...

Because Cuba’s economy is partially run in dollars and GAESA has revenue streams and expenses in both the local peso currency and dollars — for example, it sells gasoline, handles foreign remittances ...