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Life in Cuba: One country, two currencies

Strapped for dollars, euros and other currencies needed to buy imports, communist-run Cuba uses a unique dual-currency system to conserve foreign reserves. It pays islanders in local pesos and offers some goods and services at peso outlets, often with hefty subsidies. But increasingly, it requires a dollar-like convertible currency unit or CUC at other shops and businesses, where prices include little or no subsidies.

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