174 SELLING LATIN AMERICA 
Hams $ 735,918 
Wines and Liquors 473,391 
Cotton Goods 12,648,470 
Shoes 4,980,055 
Cuba has just established its own coinage. 
Its monetary system is on a gold basis. The 
unit is the gold peso, worth exactly one dollar, 
United States money. A silver fractional 
currency, with subsidiary coins resembling 
our nickel, two and one cent pieces, is em 
ployed, these also being the equivalent in 
value of American money of the same de 
nomination. Formerly American currency 
was in use, and the possibilities are that it will 
continue to be accepted at its face value 
through the island. 
Banking houses in close association with 
American financial institutions are numerous 
here and every modern facility in this connec 
tion is afforded. American capital is largely 
invested in various enterprises; England and 
Canada are also well represented here. 
Commercial travellers pay no tax in Cuba, 
and samples are admitted duty free.