{"id":212871,"date":"2020-01-26T16:24:01","date_gmt":"2020-01-26T21:24:01","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=212871"},"modified":"2020-01-26T16:24:01","modified_gmt":"2020-01-26T21:24:01","slug":"diaz-canel-committed-to-monetary-unification-to-stabilize-economy","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/diaz-canel-committed-to-monetary-unification-to-stabilize-economy\/","title":{"rendered":"D\u00edaz-Canel committed to monetary unification to stabilize economy"},"content":{"rendered":"

The monetary and exchange rate unification prepared by the Cuban government will help to \u201cstabilize\u201d the island\u2019s economic conditions and will make it possible \u201cto do many more things,\u201d said the country’s president, Miguel D\u00edaz-Canel.<\/span><\/p>\n

That \u201ccomplex\u201d process, for which there is still no date announced, \u201cis one of the things that will help stabilize conditions a bit and starting then you can do many more things,\u201d said the president in statements to the foreign media, among them EFE, during a visit to the central province of Sancti Sp\u00edritus.<\/span><\/p>\n

The elimination of two currencies has become the Cuban government\u2019s priority in recent months when faced by the crisis that is affecting the country, caused by <\/span>the intensification of the U.S. embargo<\/span><\/a> with new sanctions and the economic collapse of Venezuela, the island\u2019s main ally, among other factors.<\/span><\/p>\n

In recent months the authorities have taken experimental steps but the exact date on which the CUC will be out of circulation is unknown, which has caused effects such as its devaluation against the dollar in the informal market.<\/span><\/p>\n

\u201cThere are many things we are organizing and of course the process in which we have been advancing and that is very complex because of the amount of things that accumulated is that of the monetary and exchange rate unification,\u201d said D\u00edaz-Canel.<\/span><\/p>\n

Watch Video<\/a><\/p>\n

The President of the Republic of #Cuba Miguel D\u00edaz-Canel Berm\u00fadez gave statements to the international press accredited on the island, during the #governmental visit he heads to the province of #Sancti Sp\u00edritus. During his address he highlighted the current situation of the country and the context the Caribbean region is living. In addition, he reported on the actions carried out by his government with the aim of strengthening the economy in the largest of the Caribbean islands. We fully share his statements on the Presidencia Cuba site.<\/span><\/em><\/p>\n

Posted by <\/span>Canal Caribe<\/span><\/a> on Friday, January 24, 2020<\/span><\/em><\/p>\n

\u201cUnblocking\u201d the economy<\/b><\/p>\n

One of the president’s recurring expressions in his addresses since he came to power in April 2018 has been that of \u201c<\/span>unblocking the economy<\/span><\/a>,\u201d for which he continually asks citizens in his work tours throughout all the Cuban provinces to contribute ideas and help identify the factors that prevent progress.<\/span><\/p>\n

The Cuban government intends to \u201cwork in an exercise of collective thought and try to have a whole bank of situations in which there are obstacles, in which there may be bureaucracy, in which there are decisions that we have to update, by then, with that bank of problems, to be able to start looking for the paths through which we can start eliminating, unblocking, loosening those deadlocks,\u201d he explained.<\/span><\/p>\n

20 recommendations to unblock the private sector in Cuba<\/a><\/p><\/blockquote>\n