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Investor's Business Daily

| November 01, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Cuba: The communist regime is in the process of eliminating the U.S. dollar from the country. Did Fidel Castro hurt his head in that now-famous fall?

Maybe, but who'd know? El Jefe has rarely acted rationally since he stopped the clock in Cuba 45 years ago.

His government claims the use of U.S. currency must be discontinued to ensure the nation's economic independence. But that goal will never be reached as long as the inmates of his island gulag remain shackled.

Cubans have used the dollar since 1993. Castro had no other choice. His benefactor in Moscow had collapsed and could no longer prop up Cuba's economy.

Those greenbacks -- and a decree permitting limited self-employment -- let Cubans nudge their Marxist economy a bit closer to capitalism and to enjoy a small taste of freedom.

The dollar also allowed Cuba to finance the imports it needed. Coming off a barter system used to trade with the Soviet ...

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