Tag: dollarization of cuban economy

“Here getting along is getting harder every day,” my friend Yolexis told me from Havana. The Oropouche, Beryl and the ...

Given the difficulties in getting cash through ATMs and bank branches, the official recommendation is that people use “digital payment ...

Runaway inflation affects everyone, but fundamentally those with lower incomes, retirees, pensioners and a great many wage earners.

More than a month and a half later, the program that will implement the changes in the economy announced in ...

Financiera Cimex S.A. announced that the card will be operational from January 24 throughout the country’s commercial network where electronic ...

The country does not have time to overcome in the short term the imbalances present in the national reality. The ...

Miguel Díaz-Canel participated, virtually, in a meeting of presidents of Latin America and the Caribbean convened by Mexico with the ...

The real challenge for those responsible for the economy in Cuba is not the distribution of scarce goods, but to ...

In popular logic it is not understood that, while the informal exchange rate is going down, prices remain the same ...

This Sunday, the U.S. currency maintained the same value, reached yesterday, which equalized it with the euro, while the virtual ...

Cuba does need foreign currency. What is not clear is whether the social cost the nation will pay for this ...

The exchange rate will be 120 Cuban pesos for one dollar, said the Minister of Economy and Planning. The sale ...

Unstoppable prices, long lines, transportation problems, blackouts, a resurgence of dengue fever, and suffocating temperatures are part of the current ...

On the dollarization board, remittances are the essential piece.

In the opinion of experts consulted by EFE news agency, the recovery of the island’s national currency in recent weeks ...

Money matters. This is a typical phrase of monetarism, one of the currents of mainstream economic thought. Three views on ...

The Cuban economy has grown slowly for a long time, and since the middle of the last decade it has ...

Analysis of the Cuban Emeritus Professor of Economy on the recent measure.

Designed by the Cuban Credit and Commerce Bank (BANDEC), this product is initially aimed at international travelers not residing on ...

Having foreign currency is a growing need for the national economy, among other things because the weakness of its productive ...

“There are several options that the State knows can be put in place in the shortest possible time.”

When announcing the decision, the Central Bank of Cuba (BCC) affirmed that it is made “in view of the obstacles ...

It took off in 2020. A bad year was left behind, the precise evaluation of which requires an almost act ...