💨 Abstract

Cuba has recently opened its first grocery store accepting US currency in nearly two decades, marking a trend towards dollarization in the Communist-run country. This is part of an effort to fix the economy, which has been affected by a US trade embargo and related sanctions. The store, located near a popular diplomatic neighborhood, offers goods and services such as gasoline, rental cars, and hotel rooms to those with access to dollars.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖