Dollar store (Cuba)

Dollar store (Cuba)

During the period from 1993 to 2004 when the United States dollar was legal tender in Cuba, government-owned shops that exchanged solely in hard currency originally mainly to foreigners (similar to Friendship stores in the People's Republic of China or Intershop in the former East Germany) were colloquially called "Dollar stores". In 2004, the US dollar ceased to be legal tender to use in cash commercial transactions and was replaced by the Cuban convertible peso. The "dollar stores" remained open and despite their acceptance of only the convertible peso, the term "dollar stores" remained in colloquial use.



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