{This article is also published in our March 2014 issue of Latin American Regional Report: Caribbean & Central America.} On 6 March, Cuba’s government confirmed that it plans to abolish the ‘convertible peso’ (CUC), and provided instructions for businesses for the day when that happens. But it did not give any date, or specify the new exchange rate. A cautious path to reform The announcement was low-key, with a short article on an inside page of the official Communist Party newspaper, Granma. This referred to publication of a special edition of the Gaceta Oficial (Official Gazette), which sets out instructions…
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