Cuban President Miguel Diaz-Canel removed the country s economy minister on Friday, according to state media, following a delay in recently announced measures to increase the prices of fuel and transportation.
Havana, Feb 2 (Prensa Latina) The Cuban Council of State, at the proposal of President Miguel Diaz-Canel, announced today several ministerial changes in sectors of great economic impact, among them the minister of Economy and Planning.
Hard currencies and the monetary overhaul in Cuba
Hard currencies and the monetary overhaul in Cuba
Havana (Prensa Latina) As the beginning of the monetary overhaul in Cuba approaches, on January 1, many wonder how the exchange of hard currencies will take place and what the situation of bank accounts in freely convertible currencies (MLC, in Spanish) will be, among other questions. The so-called Overhaul Task, promoted by the Cuban Government, implies unifying all kinds of exchange rates, the withdrawal of the Cuban convertible peso (CUC) from circulation, and a general wage and price reform that will include the elimination of excessive subsidies and undue gratuities.