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Now Browsing: cuban peso

Image Cigar Rants

Cuba Devalues Peso by 8 Percent

In an effort to increase tourism and boost the country’s struggling economy, Cuba devalued the Cuban convertible peso by 8 percent last week to match the U.S. dollar. Cuban President Raul Castro hopes that this will not only encourage tourism to and from Cuba, but also increase private investment. It also makes it so that …

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