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Cubans wary as currency reform begins

Day zero : Cubans wary as currency reform begins | Bangladesh Sangbad Sangstha (BSS)

‘Day zero’: Cubans wary as currency reform begins 370 HAVANA, Jan 2, 2021 (BSS/AFP) – Cubans awoke on New Year’s Day to a new currency structure under long-awaited economic reforms that come with a double-edged sword of salary increases and price hikes. The reforms entered into force on the communist island on Friday dubbed “Day Zero” just weeks after they were announced by President Miguel Diaz-Canel. The policy is intended to make the Cuban economy more efficient and easier to understand for foreign investors 62 years after Fidel Castro’s communist revolution. The plan will see the convertible peso, which is pinned to the dollar and was introduced in 1994 to replace the US currency, phased out over six months.

Hausse des salaires contre hausse des prix : « jour zéro » à Cuba

Hausse des salaires contre hausse des prix : « jour zéro » à Cuba
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