. The Cuba review. THE CUBA REVIEW. FINANCIAL. Currency and Banking in Cuba. Cuba has in active use Spanish and French gold, United States currency and Spanish silver, each circulating m its well defined sphere, although the use of American money is extending con- stantly, says American Industries. The commercial money of the country is Spanish gold supplemented by French gold, except in Santiago province, where United States currency was introduced by military order during the first Amer- ican occupation, and where all other moneys have practically ceased to cir- culate. The official money is
. The Cuba review. THE CUBA REVIEW. FINANCIAL. Currency and Banking in Cuba. Cuba has in active use Spanish and French gold, United States currency and Spanish silver, each circulating m its well defined sphere, although the use of American money is extending con- stantly, says American Industries. The commercial money of the country is Spanish gold supplemented by French gold, except in Santiago province, where United States currency was introduced by military order during the first Amer- ican occupation, and where all other moneys have practically ceased to cir- culate. The official money is United States currency, whether gold, silver or paper, established by the American government, in which the Cuban Government collects all incomes and makes all disbursements for its expenses by check on the National Bank of Cuba. The fractional currency is Spanish sil- ver, and is in use in the markets, small shops and for wages of labor generally. The value of each money is subject to constant fluctuation, dependent upon the demands for exchange and for the dif- ferent moneys at the different seasons of the year. Some of the larger customers carry in the bank three accounts, against which they draw in different moneys, and the banker must have in mind at the close of each day the proper reserve—not in the total sum, but in each money, vary- ing according to the demands of the sea- son. In regard to credits and collections in Cuba, the facilities are as complete and satisfactory as in any city of the Union. Dun's Commercial Ao'ency covers the entire West Indies, and Bradstreet's has an agency in Havana. Information is quite as definite and satisfactory as that to be obtained in any American city. The principal mercantile houses of Cuba have gone through the series of Cuban revolutions, and their stability under these trving circumstances has given them credit throughout the world for un- usually high commercial strength and in- tegrity. Bank of Spain in Havana. The Bank of S
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