November 15, 1988 |
Luxury resorts that are fit for capitalists but off-limits to ordinary Cubans are sprouting like beach umbrellas throughout Cuba, lending a distinctly incongruous air to the hard-line Communist country's austere and morally stringent revolution. Topless and sometimes nude bathers from Canada, Western Europe and Latin America frolic and sunbathe on the soft, white sand beaches of Cayo Largo, a small island that guards the Bay of Pigs.
September 21, 1989
Cuba issued a decree that bars citizens working for foreign firms from receiving any part of their pay in U.S. dollars. According to the decree, Cubans may only be paid in pesos, the national currency, which is not convertible into hard currency on the world money market. The measure follows a crackdown on the amount of hard currency that can be brought into the country by exiles visiting their families.
November 28, 1999 |
There are occasional lines now at the ATMs that have been popping up here this year, and the automated teller machines are dispensing American dollars to Cubans with cash cards sent from abroad. There also is a wait outside the new Western Union office that advertises "Money in Minutes" at Havana's modern Carlos III Shopping Mall, where Cubans wander through state-owned music shops, appliance stores, supermarkets and video rental counters that accept only U.S. currency.
August 24, 1994 |
At a new department store in the seaside suburb of Miramar--dollars only, please--Cuban shoppers browsed Tuesday along well-stocked aisles: rice cookers from China, boom boxes from Taiwan, Mexican toothpaste, Brazilian paints, Black Flag insecticide made in the United States, a Sears refrigerator for $1,117. A child's Mickey Mouse water toy costs $14. Inner tubes and rubber rafts were sold out, a sales clerk said with a smile.
May 8, 2008 |
Pushed to the fringes by a money-driven social divide, Rosa is what Cubans call a "marginal" person. She's lived all of her 72 years in a shabby enclave of Marianao, a neighborhood where crude wooden cottages, their rotting boards held together with coats of paint, descend into a gully strewn with refuse and sewage.
November 14, 2009
Cuba: An article in Section A on May 8, 2008, about Cuba's dual currency system said the nation's convertible peso had been introduced four years earlier. The currency began circulating in 1994, mainly for government purposes, and was issued for wider distribution years later. The article also reported that a Cuban identified as Rosa watched the country's three state-run television channels. Cuba has five state-run television channels.