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Any exchange rate is a relative valuation of two currencies.
For official accounting purposes, the two currencies are considered equivalent.
Some even talk of parity between the two currencies.
Yet the idea of "parity" in the two currencies has added momentum to make the crossing.
And what will happen when transactions become burdened with two currencies?
CUBA has two currencies and a mind-boggling number of exchange rates.
"ONE country, two currencies" is one of Cuba's more peculiar idiosyncrasies.
See articleTwo sides to the same coinCuba confirmed that it would unify its two currencies.
Economists have long argued that having two currencies was not viable in the longer term.
It had been falling consistently in recent weeks against those two currencies.
From an economic standpoint, the relative value of the two currencies seems quite reasonable.
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