Description: The system of duel currency creates two levels of wage earners in Cuba. The government announced that they want to end the practice and create a currency that is more valuable.
Source: CNNMoney.com – video report
Date: Oct 31, 2013
Questions for Discussions:
- Explain how Cuba’s economy functions with two currencies?
- Why do neither currency have any exchange value outside Cuba?
- Why do you suppose the government introduced the “tourist-currency” in the first place?
- Why do you think they are now moving to only one currency for the country?
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