Search results for: Pavel Vidal

Five factors must be met, including “unrestricted access to dollars, euros and other international currencies” 14ymedio, Madrid, 10 January 2025 — Given Cuba’s economic conditions, it is difficult for the proposal to establish a floating exchange rate announced by Prime Minister Manuel Marrero, before Parliament last December, to achieve the purpose of “ordering” the exchange … Continue reading “Economist Pavel Vidal Sees the Success of a Floating Exchange Rate in Cuba As Difficult”

The first private exchange house opens in Santa Clara, without specifying how the rates will be calculated. The Observatory of Currency and Finance publishes a report on the advantages and disadvantages of dollarization. 14ymedio, Madrid, September 16, 2026 – Cubans have outgrown the 2,000- and 5,000-peso banknotes that began circulating less than half a year … Continue reading “Cuba’s New 10,000- and 20,000-Peso Banknotes Begin Circulating This Wednesday”

The Government Announces the Elimination of 92,000 Public Sector Jobs in Health, Education, Culture, and Sports. 14ymedio, Madrid, July 30, 2026 – Cuba’s National Assembly received grim news on Wednesday regarding the country’s tourism sector, once one of the main drivers of the economy but now in complete collapse. Prime Minister Manuel Marrero announced that 73% … Continue reading “Some 25,000 Cubans Lose Their Jobs as 73% of Hotels Shut Down”

Cuba Transformación calls for political changes to transform the country into a social market economy supported by a democratic state governed by the rule of law. Negotiations with the United States are essential, they say, to achieve a relaxation of sanctions. 14ymedio, Madrid, July 20, 2026 – Cuba Transformación believes that an initial phase of … Continue reading “Economists Estimate Cuba Will Need Three Years to Complete an “Emergency Stabilization””

The president admits that U.S. pressure contributed to “accelerating” the reforms aimed at “perfecting socialist construction, not restoring capitalism.” 14ymedio, Madrid, June 25, 2026 — Miguel Díaz-Canel rejected in an interview broadcast this Wednesday the idea that the economic reforms he announced last week were adopted because of U.S. pressure. “Trump does not rule Cuba, … Continue reading “‘Trump Does Not Rule Cuba,’ Says Díaz-Canel in an Interview with a Dominican Media Outlet”

Those who receive remittances are celebrating the rise, but prices have also increased significantly, and people on the street are noticing. 14ymedio, Havana, June 3, 2026 — The day Laritza had been waiting for has arrived. For weeks, this retired Havana resident has been holding on to the 100 dollars she received from relatives abroad, … Continue reading “The Dollar Reaches a Record 600 Cuban Pesos on the Informal Currency Market”

In addition to facing legal obstacles on the Island and in the U.S., it will be necessary to create guarantee mechanisms for potential investors. 14ymedio, March 17, 2026 – MADRID / The ball is in the U.S.’ court about whether it will respond or not to the changes announced this Monday by Cuba’s deputy prime … Continue reading “Experts: The Government’s Measures Are Stopgaps and Will Not “Resolve or Correct the Multiple Crises””

In ‘La Joven Cuba’, Omar Everleny Pérez Villanueva, Ricardo González Águila, Carlos Enrique González and Arturo López-Levy fear the failure of foreign-exchange market regulations 14ymedio, Havana, December 19, 2025 — Confusion has been a constant on the first day of life of the floating exchange rate for the Cuban peso. “The banks in Regla are … Continue reading “Even the Least Critical Economists Describe Cuba’s Coexistence of Several Exchange Rates as a ‘Very Serious Error’”

Officialdom has failed in its attempt to disqualify the publication of informal exchange rates by El Toque 14ymedio, Madrid, November 10, 2025 — As expected by the specialists, after a few days of truce in which its price began a rapid fall from 490 pesos to 410, the dollar is back up strongly on the … Continue reading “After a Pause Caused by the Effects of Hurricane Melissa, in Cuba the Dollar Rises Again”