What will happen when Cuba unifies its currency? Economists say it won't be good

With Cuba suffering through its worst economic crisis in decades, the government is getting ready for a risky currency unification to put its finances in order.The unification of the peso and the convertible peso. known as CUC, will take place alongside a devaluation of the peso against the U.S. dollar and a steep increase in prices and salaries, Cuban ruler Miguel Diaz-Canel and Prime Minister Manuel Marrero have said.The changes, at least in the short run, will mean more poverty for Cubans who do not have access to hard currency, as well as higher inflation because prices will soar and purch…

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HEDGE accordingly