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From Swissinfo: Cuba to end circulation of U.S. dollar
Cuban President Fidel Castro, seeking to rid his country of the currency of his arch-enemy, says Cuba will end circulation of the U.S. dollar as of November 8 in response to tightened American sanctions.
Cubans, foreign residents and tourists will have to use locally printed convertible pesos, equal in value to the dollar, a Central Bank decree said on Monday.
"As of November 8, the dollar will not be accepted in our shops, which will only accept convertible pesos," it said.
A 10 percent commission will be charged for changing dollars into the local currency.
The government encouraged Cubans living abroad to send cash remittances to their relatives in Cuba in other currencies, such as the euro, the British pound, Swiss franc and Canadian dollar, to avoid exchange costs.