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The Cuban government formally ended its dual currency system on Friday, devaluing its peso for the first time since the 1959 revolution that swept the late Fidel Castro to power.
The government has set the exchange rate at 24 Cuban pesos to $1, and the convertible Cuban peso, known as the CUC, will be phased out completely by June, leaving the island with one currency for the first time in more than 20 years. Al Jazeera’s Lucia Newman reports.
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#AlJazeeraEnglish #Cuba #currency
LORD JESUS IS COMING SOON
One TRUE GOD came as human being and died for our sins as a sacrifice.He offers everlasting life in Paradise as a free Gift. Open your hearts to JESUS CHRIST.
Romans 10:13
For “Everyone who calls on the name of the LORD will be saved.”
John 14:14
YESHUA:- You may ask me for anything in my name, and I will do it.
PRAY THIS PRAYER TO GET SAVED
Lord Jesus I know I am a sinner. I believe you died for me on the cross so that I might be saved. Right now I ask You to forgive me of all my sins. … Thank you, Jesus, for forgiving all my sins, and giving me eternal life. Amen amen lord amen
Religion a curable mental condition, if effected get professional help.
More research needs to be done on this subject. History has shown that a complete recovery is possible, yet a large percentage of the population are never cured and many show no interest in even seeking a cure.
@Larz Gustafsson Religion a curable mental condition, if effected get professional help.
More research needs to be done on this subject. History has shown that a complete recovery is possible, yet a large percentage of the population are never cured and many show no interest in even seeking a cure.
Jesus replied via cuban telecom messaging : Without God i can do nothing, worship Allah alone, my Lord and your lord
Quote me exactly from the Bible, Jesus referred to himself as son of MAN, he was a Prophet of God.
@Unays Khan no. cuba doesn’t have enough internet and computers to go digital.
it just means that they removed 1 of the 2 currencies currently in current (lol).
but, Ill spoil something for you. That’s where america is headed.
The founding fathers would be feeling betrayed if their were still alive.
CUD = Hard Currency!
It is easy if the west leave Cuba and the Caribbean alone . We Caricom countries can form a pack and trade among ourselves and adopt one currency 👀
they tried that in 1958!!* The Jamaicans and Trinis didn’t like it. I’d like to see the whole Caribbean, not just Caricom, working together more and getting rid of the colonies!!**
* I’m referring to the West Indies Federation which explored the idea of a single currency of the english-speaking Caribbean islands. There was a referendum and eventually JA and TnT gained their independence. Since 1965 the East Caribbean Dollar has been used in Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines, and Anguilla and Montserrat, which are British Overseas Territories. There is a single currency union.
** Colonies include: Martinique, Puerto Rico, Guadeloupe , Virgina Islands, the Aruba and Curacao – to name a few. They are still colonies of European nations, yes, I’m counting USA as a European nation.
Well spoken.
Who is FORCING you to use US dollar? Don’t use it – use CUC 😛
@Anzelmas Matutis who said anything about the US dollar?
The West is leaving Cuba 🇨🇺 alone.
The Cuban Embargo prohibits US 🇺🇸 and other Western companies from doing business with Cuba.
America should invade Cuba, I mean, Canada, we need more parking lot space. YOLO!!
@JohnE I like waffles with grape jelly.
@Simon North You mean the jelly packets you stole from Denny’s? We’re on to you, Paco. Every time you use a emoji it sends a signal to homeland security. Fun’s over.
@sclogse1 First, I eat at IHOP, and second, YOLO!!! The FBI is on to me!
they tried to kill me 15 times and failed hahajs
@fidel catsro Quiet down muffin.
New world order
Exactly. Easy to push on communist nations first than we will follow across the earth!
@Thomas Kielbania What nonsense..
@Thomas Kielbania you forgot the muahahahahah!
It means they need to buy Bitcoin.
no ranjit wrong
@Aladdin Loves Jasmin 😂😂👌🏽
I was also thinking why don’t these countries facing US sanctions not creating their own crytocurrency or just use bitcoin. These politicians are so lazy to think.
They will just create the Castrocoin. Or Cubacoin.
Buy Bitcoin. Be your own bank.
Fake money based on air like most other currencies. Just for idiots!
The elite use socialist nations to try out control ideas. Cuba first to digital and then the rest of the flat God made earth. Wake up people this is part of the great reset!
Great article by the creator of this content and this newscast.
Cuba isnt socialist they are communist. The one time you can call a country communist and you mess it up.
30:27 Anyone want to do this with me😍💋 💝💖♥️❤️
They should all in bitcoin
Use US Dollar as offical currency in Cuba
No way! US imperialism is evil.
@Larz Gustafsson You are using PC to write this with American CPU! You sell out to “evil” 😛 SHAME ON YOU!
Why ,didnt they continue with the peso?
To use the currency of the oppressor isn’t very smart!
use russian or chinese currency…friendly large nation with a lot of economic power
Why is Cuba always portrayed in a negative way?
Their success compared to Jamaica Haiti Honduras etc shows working class people that capitalism doesn’t work for them, and they should fight for socialism. This is a threat to the imperialists. Poor countries are the source of their imperialist wealth.
Because they have identity and pride! They are NOT puppets to anyone!!
@ANTI COMMUNIST ANY country in the world would be in same circumstances! If the likes of America issuing embargoes for this many years!! Equally there are a huge number of extreme poverty in the U.S. too, but because of its size it’s a
well camouflaged.
@Jamie King oh you mean they ex executed Batistas goons who murdered tortured and raped their prisoners. Right so sad
30:27 Anyone want to do this with me😍💋 💝💖♥️❤️
Bitcoins
“You’ll own nothing and love it” ppl must meet Jesus
@Hans Bjorkman Brother, there was only one religion, before mankind changed it to suit themselves. Thus God sent numerous Messengers and Prophets to rectify us. Jesus peace be upon him was merely a Prophet. And Muhammad peace be upon him was the final Prophet who came to rectify human beings that Jesus peace be upon him was not a son of God but rather the Son of man.
Islam is the final version sent to us by the same God. I know the word Islam will have many alarms going on in your head. But just study once and it will change your perspective on life and why we are here.
You can start from Hamza Yusuf Hanson lectures. He is a great intellectual. Islam is the only religion that remains original till date. Yes we have our black sheep, but who doesn’t. Hamza Yusuf Hanson has opened the first Muslim Liberal Arts in California. He is worth a listen.
Stay safe. And Salam(peace)!
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@Hans Bjorkman Because of this pandemic many people have lost their job.
If you don’t have job worry no more and if you have job you can also be part of this platform.
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They don’t even have internet, how they gonna buy bitcoin.
So true, .. do Cubans have electricity 24/7?
@Anzelmas Matutis yes… Wtf
They have had access to the Internet, albeit limited, for quite a few years now.
@Mi Movil the man is obviously an idiot.
@Mi Movil yeah i know, but you really think the average cuban has $30k to buy one bitcoin ? What Cuban store takes bitcoin for a loaf of bread ? Bitcoin is cool in theory but has many issues for the common person to believe in it just yet. I know its “cool” to invest in right now, but that bubble will pop.
30:27 Anyone want to do this with me😍💋 💝💖♥️❤️
It starts here.
Cuban government should have bought BITCOIN they’d be filthy rich now.
american will boycott them from selling that too
All the people screaming bitcoin are the fools helping the “new reset” they want to eliminate all paper cash and have the control with one click of a button to stop all of your buying power if you step out of line. It will be like bitcoin.
@Hans what is a dollar backed by?
@Gabriel De Luca lol. Bitcoin is a ponzi scheme. It only has a value as long as there is someone willing to buy it. Who wants to use that as their currency? You’ll have to be mental.
@Arty Ryrep the biggest reserves in the world…. And the most powerful central bank
@Hans so its backed by reliabilty?
@Hans buy gold
Coming to a bank near you amerika….
Scary, can’t but anything without a debit card
This is the ushering into the new digital age and one world currency.
How?
No it isn’t. It’s to stop a growing inequality with wealth caused by a foreign currency and a conversion currency.
@Luis Salazar Because of this pandemic many people have lost their job.
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All you need is a smartphone or computer you can work from your home or anywhere you are around the world.
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PAYPAL , CASH APP , OTHERS DONT WORK ?
PayPal, fing idiot……. worse than banks
Crypto currency
don’t use paypal bitcoins or dollars stay with your currency move forward with it time will tell
That’s the problem they have 2 currencies…
It means they’ll have a single currency.
🤦🏽♂️🙄
Aw. When will they accept their RFID chips with their vax… so safe, so secure…
Cuckoo
@Mark G Are you champing at the bit to get yours?
Drone.
@Carole Davis you need some help asap.
@baba Jaga You will need help, way before I do.
Carry on.
Currency is nothing but trading for what you don’t have with something you do have.
This world would do just fine if everyone produced what they loved and wantes or needed what another had.
People has been stripped of metal resources after digging hard for it to paper and now imagination with bitcoin Chips. Intelligence has reached its lowest form.
Other way around. Paper dollars are currently backed by imagination of a countries value.
Gold and metal are limited and hard to travel with.
Trading material goods for material goods only really works *until* you are hungry and no wants to trade shoes for bread.
Freedom peace and Blessings 🍕🍕
Guess Capitalism wasn’t the answer.
no. capitalisms was a temporary system to skyrocket production of all economic, industrialist, agricultural, and militaristic growth at exponential levels. But we have reached the tipping point in where the predefined limits of our resources can not keep up with the growth of capatilism at a global scale.
Technocracy is where they wan’t to lead the future. a seamless integration between man and machine, and where the minds of the people are one tought, one vision.
President Kennedy Hinted to such sub cultural society already existing right under our feet.
“A tight niche system with vast limitless wealth and control of technology sectors, military, education, medicine, and sciences”. A system so well ruthlessly runned that democracy can never come close to dreaming of comparing”.
Lets drop these ridiculous trade embargo’s . Isn’t life hard enough already
@ANTI COMMUNIST Because of this pandemic many people have lost their job.
If you don’t have job worry no more and if you have job you can also be part of this platform.
All you need is a smartphone or computer you can work from your home or anywhere you are around the world.
You can earn up to £50, £100, £200 daily from bitcoin mining all you need to do is to send a message to the
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@micheal bolton they did it to north korea when they didn’t wan’t to align themselves with the nuclear disarmament treaty…. that’s their favorite way of non violently forcing others to do what they always get away with. estrangement from all economic resources and isolation from business interaction. they did it to cuba, north korea, and who knows who else.
To this day, I hate communism, But now I see just how much more dangerous capitalisms and industrialization is in the long run for sustainability and balance at a social and environmental level.
@EEE GGG capatilism is the true evil to be aware of.
Cuba can trade with ANY country it wishes. If it wants to do business with the US it must free its people from COMMUNISM.
@Trekkie from New Zealand Who do the embargo’s hurt the government or the people
It’s only a matter of time before the currency of the slave masters fall. The world will be a better place
Cuba is an island within an island. Because America doesn’t help its efforts, it hinders them.
yeah just leave us alone!
@Nze Ibekwe-Uche Because of this pandemic many people have lost their job.
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@Eli Afrikha Because of this pandemic many people have lost their job.
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@fidel catsro Because of this pandemic many people have lost their job.
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I hope Joe cuts Cuba some slack.
Joe Biden alone won’t have the authority to lift the Cuban Embargo. Only the US Congress has the authority to lift the embargo.
Both Presidents Obama and Trump wanted to lift the Cuban Embargo but the 1995 Helms Burton Act won’t allow it.
In order for the embargo to be lifted, Cuba will need to meet the conditions in the Helms Burton Act and the US Congress would then need to vote to lift the embargo.
@Trekkie from New Zealand what are some of the terms needed to lift the embargo?
@fidel catsro It’s outlined in the Helms Burton Act.
So far, Cuba has met 2 of the conditions which are:
*#1, A civilian government:* Cuba adopted a civilian government in 2018
*#2, Economic reforms and adopt a single currency:* Cuba mostly achieved this as Cuba now legalized small private businesses (albeit with restrictions) in 2013 and will move to adopt a single currency by mid 2021
There are still other conditions Cuba still need to meet, such as having free & fair democratic elections and implementing democratic reforms like freedom of religion and freedom of speech.
Both Barack Obama and Donald Trump did ease restrictions on Cuba and lift some parts of the embargo but they weren’t able to fully lift the embargo as only the US Congress has the authority to fully lift the embargo.
@Trekkie from New Zealand thank you for enlightening me
The US is so evil
modern day babylon
@ANTI COMMUNIST I lived in Cuba for a year, I loved it!
Come-on Aljazeera really “what will Cuba new single currency mean” are you guys serious about this question?
“Cuba new single currency mean currency” whether you like it or not it mean currency. So stop discrediting Cuba in everything, can you guys say one positive thing about Cuba one day for the sake of 2021. 🤔
Cuba should allow China to build up it’s country.
should allow russian nuclear warships to dock there in cuba
About fkn time. The cuc was bullshit, and was one of the reasons I stopped visiting.
Reason why Cuba is poor is because of USA sanctions and blockade.
Bs
And there is no blockade more on
@Uncle Ruckus
Yes there is.😎👍
@John B jason bro tell me about the us navy blockading havanna harbour.
I knew about the economic embargo
But no idea about a naval blockade
Who cares
We don’t need the yankis and their dollar
Socialism is superior to capitalism!
Ooooppppsss
viva revolucion!
@fidel catsro go back to sleep fidel.
Cuba let USSR put missiles there, 70 years later, the innocent Cuban people are still paying for it, all thanks to the USA.
I think the innocent suffered enough.
@ANTI COMMUNIST yes. I knew that. I’m talking about the innocent citizens that’s not given a choice. They’re the ones suffering.
May Allah make it easier for poor Cubans!
do still love America ?
No one understood what you wrote.
Too late for Bitcoin
American need to stop interfering
It will mean one thing: INFLATION
I’ve got 200 Cucs here in Canada….now worthless ! Not too happy they did this now and not after tourist season
the embargo is needed by the communist regime controls everything nobody in Cuba owns anything only the castros, we live under a similar regime or like the Nazis .. but if you don’t believe me come live with us, you will see the murderous communist reality
I am Cuban, nobody knows the reality better than a Cuban, the embargo if we need it, the communists have to eliminate them and disappear them from the planet, did you know that in Cuba it is illegal to fish, in Cuba it is illegal to have a cow and kill it, in Cuba they do not allow you have crops and sell them to the people everything has to be controlled by the PCC the embargo is internal the PCC against its own people
its not illegal to fish like a normal person in a boat. but its illegal to fish in a industrialist manner.
having big boats, catching thousands of fish in 1 netting.
as a matter of fact, you better of fishing swimming. they catch you on a boat, even a life raft, and they will charge you for attempt to escape the island. because that’s what it is.
one big sandbox prison for humans where the walls is the ocean waters.
in the long term it can only be beneficial as long as the proper reforms are done in the meanwhile to manage this money also for import-export not only for internal use
Because of this pandemic many people have lost their job.
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