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Government legalises the dollar and creates the CUC - a convertible local currency pegged to the dollar
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Revenue, liquidity and savings in Cuba
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Network of exchange bureaus emerges: Casas de Cambio Sociedad Anónima. CADECA.SA
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Revenue, liquidity and savings in Cuba
Free circulation of the dollar is replaced by the CUC.
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Revenue, liquidity and savings in Cuba
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Process of unification of two-currency system gets underway
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Evolution of nominal wages in CUCs and Cuban pesos
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Comparative 18 years: 1994/2004/2012
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