Banco Central de Cuba considers the following as “freely convertible currencies” or MLC (monedas libremente convertibles:
Canadian dollars
Danish kroner
European Union euros
Japanese yen
Mexican pesos
Panamanian balboas
Swedish kronor
Swiss francs
United Kingdom pounds
United States dollars.
There is a 10% tax on the exchange of U.S. dollars. In the informal market cash dollars have a slight premium.
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