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Cuba Plans to Lift Penalty on Changing Dollars

Cuba will try to make a series of international financial transactions in coming days; if they work, it will get rid of the 10 percent penalty
By The News · 17 of March 2016 13:50:57
U.S. high school students from California listen to a tour-guide in Havana, U.S. high school students from California listen to a tour-guide (R) in Havana, Cuba March 17, 2016. REUTERS/Alexandre Meneghini, No available

HAVANA — Cuban Foreign Minister Bruno Rodríguez says the country will do away with a 10 percent penalty on dollars exchanged at banks and money-exchange centers in Cuba if new U.S. measures allowing Cuba access to the international banking system prove to work.

The measure would make it much easier for U.S. visitors to Cuba to change dollars during their trip.

Rodríguez told reporters Thursday that Cuba will try to make a series of international financial transactions in coming days. If they work, it will get rid of the 10 percent penalty.