Cuba to scrap two-currency system

According to a BBC article dated 22 October 2013, Cuba intends to reform its financial sector, doing away with the two-currency system wherein the convertible peso (CUC) used by tourists is pegged to the US dollar and the regular peso (CUP) used by Cubans is worth considerably less. The council of ministers has not said when the change would be implemented, though some Cuban economists are predicting within the next 18 months.

Courtesy of Jim "Rubycored" Chen.