Monetary overhaul makes progress in Cuba despite adversities Monetary overhaul makes progress in Cuba despite adversities Havana, (Prensa Latina) The monetary overhaul in Cuba is making progress despite the situation caused by the tightening of the economic, commercial and financial blockade imposed by the United States, ministers said. An assessment of the two and a half months of implementation of this transformation in Cuba's economic and social life, which has implied removing the monetary and exchange duality, establishing a unique exchange rate at 24 pesos (CUP) per US dollar, implementing a general pay reform and eliminating undue gratuities and excessive subsidies, makes them evident.