VOICED : Cuba se prepara para poner fin a su doble moneda

Cuba has maintained a dual currency system for 24 years, with the CUC and CUP. The government plans to eliminate the CUC to open up the economy, a move initiated by Raúl Castro's economic reforms. This change aims to unify the currency but may lead to inflation and other economic challenges. The transition could affect state enterprises and exporters, potentially leading to supply shortages. The successor to Castro will oversee the final implementation of the currency unification.

What are the two currencies that have been part of Cuba's dual currency system?

• CUC and CUP

• CUC and USD

• CUP and EUR

• USD and EUR

Why was the CUC introduced in Cuba?

• To replace the yen in international transactions

• To replace the pound in international transactions

• To replace the dollar in international transactions

• To replace the euro in international transactions

What was one of the key reforms initiated by Raúl Castro in 2008?

• Increasing import tariffs

• Encouraging foreign investment

• Reducing public sector jobs

• Nationalizing private businesses

What is a potential consequence of removing the preferential rates for state companies?

• Decrease in export prices

• Increase in costs

• Increase in foreign debt

• Decrease in inflation

How might exporters benefit from the elimination of the CUC?

• By receiving more pesos per dollar

• By reducing production costs

• By paying lower wages

• By receiving fewer pesos per dollar