Cubans ditch dollars
The week's news at a glance.
Havana
Cubans jammed banks this week to sell off U.S. dollars after Fidel Castro announced he was yanking the American currency out of circulation. Exiles wire Cuban relatives $800 million a year, more than the communist government raises from its main export, sugar. The dollar had been accepted for a decade in special stores offering scarce imports and in many other businesses, but Castro said that would end Nov. 8. Castro said he imposed the ban to protest the tightening of the “mafialike” U.S. embargo against Cuba. The Bush administration said the sanctions were meant to pressure Cuba to dump communism and respect human rights. Castro said Bush wanted to “asphyxiate the country.”
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
‘Furious Minds: The Making of the MAGA New Right’ by Laura K. Field and ‘The Dream Factory: London’s First Playhouse and the Making of William Shakespeare’ by Daniel SwiftFeature An insider’s POV on the GOP and the untold story of Shakespeare’s first theater
-
How to shop smarter with a grocery budgetThe Explainer No more pushing your cart down the aisles on autopilot
-
Henri Rousseau: A Painter’s Secretsfeature Barnes Foundation, Philadelphia, through Feb. 22