2 Currencies - 1 Country

From the BBC: 
"Cuba to scrap two-currency system in latest reform"

Cuba is to scrap its two-currency system in the latest financial reform rolled out by President Raul Castro, official media report. Since 1994 Cuba has had two currencies, one pegged to the US dollar and the other worth only a fraction of that. The more valuable convertible peso (CUC) was reserved for use in the tourism sector and foreign trade. Now its value will be gradually unified with the lower-value CUP, ending a system resented by ordinary Cubans. The Cuban economy is almost entirely state-run and the tourism sector has boomed since the collapse of the Soviet Union plunged Cuba into economic isolation and hardship. The two-currency system was supposed to protect Cuba's fragile economy but angered locals paid in the much lower-value CUP and denied access to goods only available for those with convertible pesos. The policy exacerbated the creation of a two-tier class system in Cuba which divided privileged Cubans with access to the lucrative tourist and foreign-trade sectors from those working in the local economy - all-too-visibly contradicting Cuba's supposedly egalitarian society. The council of ministers has approved a timetable for implementing "measures that will lead to monetary and exchange unification", the official Communist Party newspaper Granma said. Unification is "imperative to guarantee the re-establishment of the Cuban peso's value and its role as money, that is as a unit of accounting, means of payment and savings", it said. It gave no details of how quickly the change would be implemented, though Reuters news agency quoted Cuban economists as saying it would take about 18 months.

^ The majority of Communist countries had/have a two-currency system. Most forced foreigners to prepay (use vouchers) for everything before they even arrived in the country and then once there they could shop in "hard-currency stores" that were only open to Communist officials and foreigners. The Soviet Union had Torgsin and the Beryozka stores. Bulgaria had Corecom. China had Friendship Store. Cuba had Dollar Store. Czechoslovakia had Tuzex. East Germany had Intershop. Hungary had Intertourist, Konzumturiszt and IKKA. Poland had Baltona and Pewx. Romania had Comturist. Cuba moved from the Dollar Store (which was, like most Communist countries, hidden from the regular people) to the more-opened double-currency economy. Most Cubans see that as a slap in the face since they see what they could buy if they had the money, but can't buy because they have little. All these reforms in Cuba seem to be pretty slow and not changing much since there is always a catch or high-price to them (ie only the "good" and powerful Communists can still use them, but everyone can see them.) ^

http://www.bbc.co.uk/news/world-latin-america-24627620