Cohiba Cigarette Maker Sees Cuban Peso Change ‘Imminent’

Cuba will need international loans to fund its plans for a currency “D-Day” -- the transition to a single exchange rate system -- said Omar Everleny Perez, a professor of Economics at University of Havana.

The government has told companies to adapt their accountancy systems for the unification of its dual exchange rate created two decades ago, Perez said in an interview in Havana today. Now, it needs to find the funds to shore up any new exchange rate.