After 26 years, Cuba does away with artificial hard currency, raises workers’ salaries

After postponing the decision for several years, Cuban leader Miguel Díaz-Canel announced on Thursday night the expected monetary unification between the island’s two currencies will begin in January. The Cuban peso will be the only local currency circulating as of Jan. 1, with an official exchange rate of 24 pesos to the dollar, Díaz-Canel said in a short video broadcast on state television …