6 ms·
The dual currency is how it works in Cuba- one currency for locals that buys mostly food, and another for imports, which is mostly "luxuries". Needless to say,
by educationcto 11y ago
The dual currency is how it works in Cuba- one currency for locals that buys mostly food, and another for imports, which is mostly "luxuries".
Needless to say, it distorts all kinds of incentives and the black market thrives anyway.
- deleted 11y ago[deleted]