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Dual Currency System Ended
Cuba formerly had a two-currency system until May 2014. The controversial Convertible Peso (CUC) was pegged to the United State Dollar and was not used by most residents; instead, it was used mainly for foreign exchange and tourism purposes. Also, it was more valuable than the Cuban Peso (CUP). In May 2014, the government officially unified the currency; Cubans currently use the regular Cuban Peso.
Fidel Castro's Death
On Friday, November 25th, 2016, dictator Fidel Alejandro Ruz perished at the age of 90. Due to his Communist ideology, some people found it interesting that he died on Black Friday — a day that embodies capitalism! Leaders from around the world have expressed condolences or well wishes for the people of Cuba. In a statement, U.S. President Barack Obama (2008-2016) expressed condolences to family members and Cubans who are in mourning. President Obama also expressed optimism that the Cuba-United States relationship can positively grow in the days and years ahead. While there is a wide dichotomy of viewpoints about Fidel Castro, history will look back to note that the leadership of this arguably controversial, notorious, and passionate leader had an impact on Cuba and the world.
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