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OnCuba editorial staff

OnCuba Staff

Photo: TeleSur

BCC issues note on RevoluGROUP Canada Inc. and remittances to Cuba

The Central Bank of Cuba (BCC) released the following note this Saturday in Havana: The news has spread that the foreign entity RevoluGROUP Canada Inc. has included Cuba among the recipient countries for sending remittances. https://oncubanews.com/cuba/empresa-canadiense-empieza-a-enviar-remesas-a-cuba-con-permiso-del-gobierno-de-eeuu/ In this sense, we inform that no Cuban financial institution, or of any other type, has a contract or formal relationship with RevoluGROUP, so the reliability and security of said transactions are unknown. We ratify that the United States government maintains the prohibitions and coercive measures applied in 2020 and 2021 against Cuban financial entities.

Photo: Kaloian Santos

Money matters

Money matters. This is a typical phrase of monetarism, one of the currents of mainstream economic thought. Three views on inflation in Cuba by three Cuban economists published recently in CubaDebate and associated comments are what motivate my writing this article. We historians of the Cuban economic thinking owe to science work that summarizes and synthesizes everything that has been written in the last 30 years on the national economy because never before has so much been written and published on economic issues from different aspects, details and depth and in different media. A wide range of topics have been analyzed, including some more conceptual associated with the ownership relations; others with global reach like those associated with development, its strategy policies; institutional issues; macroeconomic; so many focused on sectoral issues. Monetary affairs, little discussed in the first 30 years after 1959 for obvious reasons, strongly made their appearance since the dollar began circulating in our country back in the early 1990s. There is an extensive list of authors who have addressed these issues, some more theoretical rigor, systematic and deep, others as part of their analysis of the problems of the Cuban economy. Some of these works have been...

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