Currency Unification Gets Closer

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Currency unification is on the horizon, although it, in itself, is not enough to reorder and update Cuba’s economy according to some experts. Unification of Cuba’s system of money will be a part of the entire process to strengthen national economic performance. The current economic situation, negatively influenced by the hardening of sanctions by the United States and the national and global impact of COVID-19, magnifies the continuing problems of the use of two currencies in the country. It’s a problem that can no longer be ignored. US sanctions have tightened thereby reducing the supply of retail products and creating strong monetary imbalance. COVID-19 presents a whole new set of problems including the loss of income to the tourism and entrepreneurial sectors, and the strains…




Unbiased reporting on economic news and business developments in Cuba by industry sector


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