The Adventure of Opening an Account in Cuba in MLC (Hard Currency)

14ymedio, Elías Amor Bravo, Economist, July 26, 2020 – Imagine that you’re going to your bank to open an account. One of the simplest operations in any country in the world. You really could save yourself the trouble, if you want, because online banks offer a way to do that. In Cuba, it’s more complicated, … Continue reading “The Adventure of Opening an Account in Cuba in MLC (Hard Currency)”

The Economic Debacle of Cienfuegos, Cuba, Abandoned by International Tourism

14ymedio, Julio César Contreras, Cienfuegos, July 7, 2024 — Cienfuegos was never a tourist enclave of great importance like Havana or Varadero, but its architectural charm, more republican than colonial, attracted those looking for city tourism but without the bustle of the capital. In recent years, however, the number of travelers passing through the Pearl … Continue reading “The Economic Debacle of Cienfuegos, Cuba, Abandoned by International Tourism”

Roseland, a Hard-Currency Store, Closed Due to Leaks

Problems have been growing, especially in the basement, where food items are sold. Havana, Natalia López Moya, July 12, 2024 — A crude sign sits on top of a shopping basket that blocks the entrance to the Roseland store on the corner of Neptuno and Águila streets in Central Havana. The makeshift message warns customers … Continue reading “Roseland, a Hard-Currency Store, Closed Due to Leaks”

Almost 400 Private Businesses Are Fined for Violating Price Caps While Products Disappear

Readers of the official press are divided between those in favour of a heavy hand and those against the government’s measures 14ymedio, Madrid, 12 July 2024 — In less than 72 hours, the Cuban authorities already had almost 400 violators of the price cap for six basic products that came into force on Monday. Last … Continue reading “Almost 400 Private Businesses Are Fined for Violating Price Caps While Products Disappear”

Private Businesses in Cuba Hide the Chicken and Other Products To Avoid the Capped Prices

State foreign exchange shops sell the same items at more expensive prices 14ymedio, Juan Diego Rodríguez/Olea Gallardo, Havana, 3 July 2024 — A day after the new measures announced by the Government on June 27, which establish a maximum profit margin of 30% on private sales to the State, it is not yet known with … Continue reading “Private Businesses in Cuba Hide the Chicken and Other Products To Avoid the Capped Prices”

With the Exception of Varadero, Everything is Falling to Pieces in Matanzas, Cuba

Octavio, Yuneisy and Marcos tell of the difficulties in obtaining decent housing 14ymedio, Julio César Contreras, Matanzas, 22 June 2024 — The reality of those who live on the outskirts of the city of Matanzas, Cuba, does not appear on postcards and much less in the press or official broadcasts. Barely habitable houses – built … Continue reading “With the Exception of Varadero, Everything is Falling to Pieces in Matanzas, Cuba”

Thieves and Bureaucrats Make Life Impossible for Cuban Ranchers

Faced with permanent harassment on his farm in Cárdenas, Ernesto is almost thinking of selling his animals and abandoning the country 14ymedio, Julio César Contreras, Matanzas, 5 June 2024 — Ernesto has had Spanish nationality since 2008 and in recent years he has traveled to Spain a few times, but he always returns. In Cuba, specifically in … Continue reading “Thieves and Bureaucrats Make Life Impossible for Cuban Ranchers”

Private-Sector Retail Sales Lead to the Decline of Cuba’s Digital Currency

Cuba’s ’Freely Convertible Currency’ (MLC) Is Becoming Less Effective as a Tool for Extracting Hard Currency Remittances. 14ymedio, Miguel Alejandro Hayes, Miami, May 18, 2024 — After being suspended for several months, Western Union’s remittance service to Cuba resumed on May 9. The operation basically remains the same. Cubans living overseas will make deposits in … Continue reading “Private-Sector Retail Sales Lead to the Decline of Cuba’s Digital Currency”

Cuba’s Military Officials Running GAESA Have Destroyed the Economy, Claims Cuba Siglo 21

A report published by the organization points to the military-run conglomerate as the main cause of inflation, blaming it for putting its interests before those of the nation. 14ymedio, Madrid, 20 May 2024 — War has been declared on the Cuban economy but it is not being waged from a department within the CIA. Instead, … Continue reading “Cuba’s Military Officials Running GAESA Have Destroyed the Economy, Claims Cuba Siglo 21”

Only One Sixth of the Tobacco Harvested in Sancti Spíritus Can Be Used for Export

It is “the lowest production in history” in the province, admit the directors of Acopio 14ymedio, Havana, 30 May 2024 — The tobacco industry in Sancti Spíritus once again fell below mediocrity. Of the sol en palo [sun grown] tobacco – which is used to make cigarros – only 351 tons were collected, 67% of … Continue reading “Only One Sixth of the Tobacco Harvested in Sancti Spíritus Can Be Used for Export”

Nine Month Wait at the Camajuaní, Cuba, Cadeca (Currency Exchange) To Get 50 Dollars

The “virtual line” was more scary than the real ones: 7,362 people were waiting for a turn to buy the 100 dollars allowed by the authorities 14ymedio, Yankiel Gutiérrez Faife, Camajuaní (Villa Clara), 26 May 2024 — Painted bright blue and with a white grill, the Camajuaní Cadeca (Currency Exchange) is one of the high … Continue reading “Nine Month Wait at the Camajuaní, Cuba, Cadeca (Currency Exchange) To Get 50 Dollars”

The Traffickers, Prostitutes and ‘Yarinis’ of Holguín, Cuba, Have Their Base of Operations in La Marqueta

 In the so-called “market alley” there are, from Mártires to Gómez, Rhino’s Bar, Benjuly, Gato Negro and Destellos Café, all private 14ymedio, Miguel García, Holguín, May 18, 2024 — Mártires Street and three avenues named after heroes – Martí, Máximo Gómez and Luz y Caballero – frame the brand new red light district of Holguín, … Continue reading “The Traffickers, Prostitutes and ‘Yarinis’ of Holguín, Cuba, Have Their Base of Operations in La Marqueta”

Cuba: The Challenge of Practicing Journalism in a Dictatorship

Independent media in Cuba are the vanguard of the process of building democracy 14ymedio, May 22, 2024 — Being a journalist is not being an activist. Journalism is not called to the ranks of any political party or ideology, but rather to report facts of general interest that prove that they are true, and with … Continue reading “Cuba: The Challenge of Practicing Journalism in a Dictatorship”

Cadeca Denies It Is Selling the US Dollar at 375 Cuban Pesos

While the price of the currency has fallen from 395 to 345 since May 9, the official rate remains at 120 14ymedio, Havana, May 25, 2024 — Cuba’s network of currency Exchange Houses (Cadeca) denied this Friday that its branches will begin to sell US dollars at a rate of 1 for 375 pesos, instead … Continue reading “Cadeca Denies It Is Selling the US Dollar at 375 Cuban Pesos”

Cuba’s Foreign Currency Store Prices Are Prohibitive for the Majority of the People of Matanzas

14ymedio, Julio César Contreras, Matanzas, May 12, 2024 — The idea that stores that only take payment in freely convertible currency (MLC) were created to supply markets in pesos is a mantra that Valeria repeats, ironically, when she enters one of those stores in Matanzas. The half-empty showcases, the labels with unthinkable prices and the … Continue reading “Cuba’s Foreign Currency Store Prices Are Prohibitive for the Majority of the People of Matanzas”