1. Michelle J. Price

2. Elian GonzalesRefugees escaping Cuba

4. Street Musicians

5. Convertible Peso Traditional Peso US Dollar Euro

7. Government Owned Havana, Cuba Prints both traditional and convertible pesos Reorganized May 1997 http://www.bc.gov.cu/English/home.asp

8. Diplotiendas/Dollar Stores Black Market

9. 1982 2001 1989 1994

12. Dictator for over 40 yearsMinister of Industry

13. 19602004 US imposes trade embargo: Cuba’s quest to support their own economy begins. Cuban gov’t nationalized agriculture and industry and expropriated US businesses w/o compensation. 1994 Convertible peso introduced. 1965 Guevara leaves Cuba. Economy, on verge of collapse, returned to sugar industry. 1988 Soviet Union stops trading with Cuba. 1993 US dollar legalized

14. Effective 27/10/2004 British Pound GBP 1.8376 Canadian Dollar CAD 0.8167 Swiss Franc CHF 0.8341 Yapanese Yen JPY 0.9365 USA Dollar USD 1.0000 Mexican Peso MXP 0.0825 Danish Krone DKK 0.1720 Norway Krone NOK 0.1551 Euro EUR 1.2786 Australian Dollar AUD 0.7455 “Convertible” CUC 1.0000 Cuban Peso Can “trade in” convertible pesos for dollars, etc. Could save/invest convertible pesos 10% Tax on dollar purchases Giving value to the convertible peso

15. Strengthening the convertible peso or weakening the economy? November 8, 2004