It has been part of everyday life in Cuba since 1993 but now it is set to disappear. Havana is banning commercial transactions in the US dollar from November 8 in response to tighter US sanctions. The greenback became legal tender here following an economic crisis sparked by the collapse of the Soviet Union.
Many Cubans depend on dollars for goods including some basic necessities. They will now be charged a 10 percent commission to change dollars.In May, Washington tightened its embargo on Cuba, limiting how much money US-based Cubans could send back to relatives on the island. President Castro has now urged them to send money in other currencies, such as euros or British pounds.