Cuba Devalues Currency to Grapple With Deepening Economic Crisis

Cuba devalued the peso on Thursday as the Caribbean nation tries to stabilize an economy upended by US sanctions, a crackdown on regional allies and the collapse of key sources...

By Jim Wyss · Bloomberg Markets

Cuba devalued the peso on Thursday as the Caribbean nation tries to stabilize an economy upended by US sanctions, a crackdown on regional allies and the collapse of key sources of revenue.