Cuba approves sale on credit of products whose prices exceed 2,500 pesos
Cubans will be able to buy on credit goods whose prices exceed 2,500 pesos, such as furniture, mattresses, bicycles and ...
Tag: Cuban Economy
Unraveling suspension of cash dollar deposits in Cuban banks
Analysis of the Cuban Emeritus Professor of Economy on the recent measure.
Cuba: creation of micro, small and medium-sized enterprises announced for August-September
Minister Alejandro Gil Fernández explained that the conditions are currently being created for the design of legal norms, which still ...
Cuba: prepaid cards in freely convertible currency for tourists in Varadero and Cayo Coco
Designed by the Cuban Credit and Commerce Bank (BANDEC), this product is initially aimed at international travelers not residing on ...
Welcome to the plastic dollar!
Having foreign currency is a growing need for the national economy, among other things because the weakness of its productive ...
Omar Everleny: “dollars will always be a means treasured by private businesses”
“There are several options that the State knows can be put in place in the shortest possible time.”
Travelers arriving in Cuba as of June 21 will not be able to use dollars in cash
The measure, announced on the Mesa Redonda television program, applies to both foreigners and Cuban residents abroad.
Dollars versus euros? Economists give their opinion
On the measure announced this Friday by the Cuban government to temporarily suspend the acceptance of USD in cash in ...
Cuba “temporarily” suspends cash deposits in dollars
When announcing the decision, the Central Bank of Cuba (BCC) affirmed that it is made “in view of the obstacles ...
CADECA currency exchange houses suspend exchange of freely convertible currency in international airports
The measure took effect this May 20.
Central Bank of Cuba warns of pyramid scams and mentions Trust Investing
The BCC reiterated what President Miguel Díaz-Canel had already warned, that the Cuban government “does not promote or approve the ...
Díaz-Canel warns about “possible scam” of businesses operating with cryptocurrencies
“The assessments are being made, all the studies are being carried out (…) to then make the pertinent decisions. Now ...
Economic reform in Cuba: principles and pseudo principles
In the midst of the most adverse economic crisis in the last 25 years, the Cuban authorities are facing a ...
Trust Investing in Cuba: opportunity or scam?
In Cuba, with an increasingly affected and battered economy, the promise of generating passive income seduces thousands of people towards ...
More than 80% of the CUC in hands of Cuban population collected to date
Marino Murillo, the head of the Guidelines Implementation Commission, said in a tweet.
The largest creditor of Cuba’s debt proposes substantial reduction
This proposal would represent a 60% reduction in the net present value of Cuba’s debt to the London Club.
“Don’t kill the messengers, they bring love and support”: leading women in bicycle messaging services in Cuba
Several bicycle messaging networks have begun to circulate in Havana because of the pandemic, adapting a philosophy of life and ...
Cuban government on private sector: “we all have the responsibility to build a prosperous and sustainable socialist society”
A meeting of self-employed workers, non-agricultural cooperatives and executives of the state business system with representatives of the government, the ...
Cryptocurrencies in Cuba: the digital gold rush
The Bachelor of Economics Juan Alejandro Triana talks about the realities, opportunities and risks of the use of cryptocurrency in ...
More than 1,700 private sector import and export contracts in Cuba
A total of 1,756 contracts have been registered, of them 1,669 for imports and 87 for the export of products ...
Cuba starts up its Foreign Trade Single Window “in the testing phase”
It does so eight months after its official launch, when, as reported at the time, the online registration of customers ...
Our commerce
Wouldn’t this be the time to resolve the same problems with other solutions?
More price hikes in Cuban market
The Minister of Domestic Trade said that, in accordance with the economic situation of the country and personal income, the ...
In the absence of bread…cassava? The bread tragedy
Our bread depends on wheat imports. Until very recently, I thought it was impossible to produce wheat in Cuba, then ...
On Cuba’s decision to promote investments by Cubans residing abroad
Promoting in Cuba investments by Cubans residing abroad with capital of less than one million pesos is a measure that, ...
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