Cubans exchange Cuban peso (CUP) and convertible peso (CUC) notes. The Cuban government first announced it intended to unify its dual currency system in October 2013, but it hasn’t happened yet.
Cubans exchange Cuban peso (CUP) and convertible peso (CUC) notes. The Cuban government first announced it intended to unify its dual currency system in October 2013, but it hasn’t happened yet. YAMIL LAGE AFP/Getty Images
Cubans exchange Cuban peso (CUP) and convertible peso (CUC) notes. The Cuban government first announced it intended to unify its dual currency system in October 2013, but it hasn’t happened yet. YAMIL LAGE AFP/Getty Images

Cuba desperately needs to reform currency system, but timing couldn’t be worse

April 04, 2018 07:00 AM