What were the reasons for abolishing the dual currency system?

The Cuban Peso, which is used for the vast of purchases by Cuban residents, cannot freely be converted to any other currency. Do you have questions about sending money to Cuba? How can I send money to Cuba with Fonmoney? In what currency can I pay for my money transfer to Cuba? The only official currency in Cuba since January 1, 2021 is the CUP (Cuban Pesos). It is important to mention that the exchange of US dollars to Cuban pesos is ... ... have not seen a net-zero pathway that does not include nuclear. So, here in the United States, the net-zero America project out of Princeton, very important ... What currency does Cuba use? The official currency of Cuba is the Cuban peso (CUP). This is the only legal currency allowed in Cuba. However, more ... Jan 25, 2024 ... Others point to the damage caused by longstanding US economic sanctions that, to varying degrees, have been in place since 1962. But which of ... Don't leave toothpaste, leftover toiletries and other used items, or foreign coins in place of tips. The Cuban Peso (CUP) is the official currency in the island ... Oct 29, 2024 ... The values of the informal exchange rate estimated through alternative methodologies are not identical, but they do coincide at key turning ... How does one install and insure stable money in Cuba? In my view, the ... A measure that does not seem to have been tried in currency board systems ... If you've done some research on Cuba, you might have come across the fact that Cuba had two official currencies: the Cuban Convertible Peso (CUC), primarily ...