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economy One Peso Blog; October, 2008 Archive; One Peso Blog

Empowering Cuban Peso

10/06/08 23:26

The Cuban peso is worth a little more than $0.04 only where most workers can't afford to buy what they want and need cause they only have a monthly salary of 408 pesos.

Communist experiment in Bayamo, let government workers here enjoy few things that only foreign visitor and rich Cubans can afford like a good burger, jazz bar and cocktails.

Bayamo's central government has made a special effort to support peso businesses, giving the lowly currency more buying power. Paseo businesses here are subsidized by the government.

[404 Check: was link to http:/ / canadianpress. google. com/ article/ ALeqM5i -yGCuzOYJESkNvpgUjLYfTqkCxQ, anchor: Link: The Canadian Press: Life in Cuba: One town's experiment gives peso real value]


Tags: cuban peso • value • currency • economy •
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economy Archives: • October, 2008September, 2008



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economy One Peso Blog October Archive