{"id":210133,"date":"2019-12-03T07:09:47","date_gmt":"2019-12-03T12:09:47","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=210133"},"modified":"2019-12-03T07:09:47","modified_gmt":"2019-12-03T12:09:47","slug":"new-experiment-in-cuban-stores-is-the-cuc-disappearing","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/new-experiment-in-cuban-stores-is-the-cuc-disappearing\/","title":{"rendered":"New experiment in Cuban stores: is the CUC disappearing?"},"content":{"rendered":"

The Cuban government announced this Monday the implementation of an experiment in its retail commercial network in <\/span>convertible pesos (CUC)<\/span><\/a>, which brings up new questions about the future of this currency in the Cuban economy.<\/span><\/p>\n

The test consists of giving, \u201cexperimentally\u201d for the time being, the change in Cuban pesos (CUP) and not in CUC in two stores located in Havana: the Centro Comercial Almendares and the 5ta y 42, both in Playa municipality and belonging to the Tiendas Panamericanas chain of stores.<\/span><\/p>\n

Although the text of the press release of the Central Bank of Cuba, <\/span>published<\/span><\/a> in the official newspaper Granma<\/em>, does not specify it, the title does notify that the operation will be carried out \u201cexclusively in CUP.\u201d According to the release, the decision responds to the population\u2019s \u201ccriteria\u201d and is part of \u201cthe monetary organization measures that are being implemented in the country.\u201d<\/span><\/p>\n

The press release, which does not specify the starting date of the test, states that \u201cbased on the results achieved, and its effectiveness during the development of the experiment, its progressive extension to other commercial establishments in Havana and the rest of the provinces will be assessed, and the population will continue to be notified in a timely manner.\u201d<\/span><\/p>\n

Reforma empresarial para un nuevo orden monetario en Cuba<\/a><\/p><\/blockquote>\n