How does Cuba manage its foreign debt?

Jan 24, 2025 ... “[The authorities] need the dollar because the Cuban peso isn't a credible currency, it's not a stable currency. The payment system associated ... The Communist Party or one of its front organizations approves candidates for any elected office. Citizens do not have the right to change their government. In ... Apr 7, 2021 ... Cuban central bank approves new money transfer app. DO NOT USE havana-cuba ... Cubans can hold foreign-currency accounts. The funds can be ... Until 2021, Cuba operated on two currencies, the CUP (Cuban Peso) and the CUC (Cuban Convertible Peso). One pound is currently worth 1.31 Cuban pesos. Here's a ... The Government simply does not consider this money like real money right now. ... The U.S. trade embargo prevents Cubans from using conventional ... Sep 15, 2021 ... CSIS does not take specific policy positions. Accordingly, all views, positions, and conclusions expressed in this publication should be ... The only Cuban currency nowadays is the CUP. Which should make things more simple, right? WRONG!!! Cuba is edging towards a digital economy and your bank cards ... Feb 10, 2021 ... In 1994, the Cuban government introduced a new “convertible” Cuban peso (CUC) to substitute the US dollar for use in Cuba at an exchange rate of ... Then, in 2004, the government banned their use in shops and other businesses and replaced them with a second Cuban currency: convertible pesos (CUC). The ... Feb 15, 2024 ... Instead, clients in Cuba receive the money in a virtual currency known as MLC. And Cuban banks, which do not have enough foreign currency, do ...