The end of dual currency according to economist Pavel Vidal
You may never have read or heard about the Monetary Policy Committee of the Central Bank of Cuba. However, the work of specialists determined the purchasing power of millions of Cubans. In the past, the results of the deliberations of this committee decided how many Cuban pesos a dollar costs or a convertible peso (CUC), as applicable. The MPC was the institution responsible for periodically fix the rate of exchange prevailing on the Exchange Houses (CADECA) between 1994 and 2001, when the currency values fluctuated in Cuba. Later, on March 18, 2005, it was the entity that placed the value between the Cuban peso and his "brother" , the convertible peso : a ratio of 25 to 1, still in force at the time these lines are published . The Doctor in Economics Pavel Vidal worked as a specialist in the committee in question for several years. From his position he saw the dollar became worth 20 pesos, then its devaluation after the attacks of September 11 and their ultimate recovery. Vidal is one of the people who have written the most on the subject of the dual currency and the mystery that accompanies it: the path to its disappearance....