About This Source - FRANCE 24 English
The video item below is a piece of English language content from France 24. France 24 is a French state-owned international news television network based in Paris.
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FRANCE 24 English published this video item, entitled “Queues and prices rises: Grappling with Cuba’s currency changeover” – below is their description.
Long queues to withdraw cash and rising prices are just two of the effects Cubans have seen since an overhaul of their currency came into effect on January 1st. The change saw the island’s two forms of money united, in a move designed to help improve the economic situation in the country. Also today, we look at how markets were reacting to results of Georgia’s Senate runoff elections, as well as further rises in the price of the digital currency Bitcoin.FRANCE 24 English YouTube Channel
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In This Story: Bitcoin
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.
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In This Story: Cuba
Since 1965, the state has been governed by the Communist Party of Cuba. The country was a point of contention during the Cold War between the Soviet Union and the United States, and a nuclear war nearly broke out during the Cuban Missile Crisis of 1962.
Culturally, Cuba is considered part of Latin America.
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In This Story: France
France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.