HAVANA, October 22 (Oscar Espinosa Chepe / CubaNet) - Government-operated
changing houses announced today a new exchange rate of 25 pesos to the dollar.
This is the fourth time in little over a month that the peso loses value.
There have been reports of quotes of up to 30 pesos to the dollar from the
island's interior provinces.
Residents cite decreases in tourism and remittances from Cubans abroad and
the more recent announcement of the Russian withdrawal from the electronic
listening base in Lourdes, south of Havana, as causes for the peso's decline.
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