Cubans lined up by the dozens at exchange houses on Tuesday for the chance to buy dollars and other hard currency from the government for the first time in two years.
The new policy announced Monday night comes almost three weeks after the communist government began buying hard currency from the public at 110.40 pesos per dollar — a rate similar to that of the black market and more than four times the rate used for official transactions.
Under the new policy, meant to help combat the illegal market in hard currency, individuals can buy up to $100 in cash a day at a rate of 123.60 to the dollar in 37 designated state CADECA exchange shops.
