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Monetary and exchange rate regulation in Cuba begins on January 1: The exchange rate will be 24 Cuban pesos to one dollar

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With the presence of Army General Raúl Castro Ruz, first secretary of the Central Committee of the Communist Party of Cuba; The President of Republic of Cuba, Miguel Díaz-Canel Bermúdez reported that the monetary and exchange rate regulation process will begin on January 1, with a rate exchange of 24 Cuban pesos for one dollar. “The corresponding elaborations and analysis have been concluded, as well as all the necessary legal norms, so it is considered that the conditions are created to announce the start of the regulation process as of January 1,”