Europe South Asia Asia Pacific Americas Middle East Africa BBC Homepage World Service Education

Front Page



UK Politics







Talking Point
On Air
Low Graphics

Sunday, November 8, 1998 Published at 22:46 GMT

World: Americas

Cuba to adopt Euro in foreign trade

Cuba says it will become the first Latin American country to adopt the single European currency, the euro, for its foreign trade operations.

The official weekly, Juventud Rebelde, says the Cuban central bank will conduct foreign trade in euros from the middle of next year, with businesses following six months later.

It said the move will apply not only to trade with Europe but also to its Asian communist trading partners -- China, Vietnam and North Korea.

Juventud Rebelde says the arrival of the euro marks a significant step as an alternative to the dollar, which Cuba cannot use because of the United States embargo.

From the newsroom of the BBC World Service

Advanced options | Search tips

Back to top | BBC News Home | BBC Homepage |

Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia

In this section

From Business
Microsoft trial mediator appointed

Safety chief deplores crash speculation

From Entertainment
Taxman scoops a million

Violence greets Clinton visit

Bush outlines foreign policy

Boy held after US school shooting

Memorial for bonfire dead

Senate passes US budget

New constitution for Venezuela

North Korea expels US 'spy'

Hurricane Lenny abates

UN welcomes US paying dues

Chavez praises 'advanced' constitution

In pictures: Castro strikes out Chavez

WTO: arbitration in EU-Ecuador banana dispute

Colombian army chief says rebels defeated

Colombian president lambasts rebels