Although Cuba remains one of the cheapest beach destinations in the western hemisphere, in the near future the island of Svoboda can become even more accessible to foreign tourists.

The reason for such an optimistic forecast lies in the merger of two local currencies: the Cuban and the convertible peso. Professor of the University of Quebec, Paul Arsno believes that the second type of currency, created specifically for foreigners and tied to the rate of the US dollar, in fact, harms the tourism sector of the local economy. The rate of the new merged peso risks depreciating against its convertible predecessor, which in turn will positively affect the growth of the incoming tourist flow.

The process of merging the two Cuban currencies will take the next 18 months, which will help to avoid sharp jumps in currency trading. Representatives of the world tourism industry believe that the emergence of a united peso will not only contribute to the influx of travelers, but also significantly simplify their daily concerns while on the island.

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