The U.S. dollar remains a key player in Cuba's informal market, currently exchanged at a rate of 340 Cuban pesos per dollar.

"Mark Cuban has suggested launching a meme coin to help pay down the national debt. Would you buy it?" Benzinga asked. The poll found that the majority of readers weren't interested in buying the meme ...

The Cuban convertible peso or "chavitos" are equivalent to one US dollar. However the "convertible" description of the new currency is questioned since it's only accepted in Cuba although it ...

The Díaz-Canel government has announced a ‘partial dollarization’ in its latest attempt to steer a completely bankrupt ...

Cash-starved Cuba this month opened the first grocery store to accept hard U.S. currency on the island in nearly two decades, ...

Billionaire investor Mark Cuban says bitcoin can function as a store of value and a currency in case of economic turmoil. It even has some advantages over gold.

The latest, and perhaps most significant step towards modernising the country’s economy has been the announcement last month that Cuba would be doing away with it’s complicated dual currency system.