The euro has unexpectedly surged in recent hours, climbing five pesos in Cuba's informal exchange market this Tuesday.

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 ...

Cuba has two currencies ... said restructuring of the economic model should proceed by abandoning the dual currency. But “the dual currency will be solved only by producing efficiently for ...