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Cuba lifts decades-old ban on new car sales

Residents are now allowed to purchase new vehicles, but sky-high prices keep them out of reach for many.

Last updated: 04 Jan 2014 01:53
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For the first time in more than 50 years, people in Cuba can freely buy new cars after a law limiting such sales was abolished on Friday.

However, markups as high as 400 percent are preventing many people from taking advantage of the new market.

Al Jazeera's Gerald Tan reports.

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Al Jazeera
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