"Our people and the international community know that the U.S. blockade is aimed at causing damages to the Cuban economy," he said, adding that the U.S. unilateral policy toward the island is intended to affect the country's income sources and living standards of the population.
Most probably, the immediate consequence of the latest monetary decision will be that the Euro will displace the U.S. dollar as the most frequently used currency among the population.
This will happen, however, after a partial dollarization of the Cuban economy that began to be accentuated in the last year. This week, the Euro was quoted at 29 pesos and the U.S. dollar at 24 pesos at official exchange sites.
#FromTheSouth News Bits | This Tuesday a group of Russian legislators submitted a request for a law to the United Nations General Assembly and the parliament of its member countries to condemn the United States' blockade of Cuba. pic.twitter.com/Q8Ga2kIqfC