English Translations of Cubans Writing From the Island
14ymedio, Havana, 28 August 2023 — Cuba’s official currency exchange, Cadeca, indicated on Sunday that, after being out of commission for three days, the Ticket app will again be taking online reservations for people wanting to buy hard currency at its authorized branches. The waiting list at just one Havana location already exceeds 12,000 people. … Continue reading “Tens of Thousands of Cubans on Waiting List to Buy Dollars”
14ymedio, Elías Amor Bravo, Economist, 25 August 2023 — There was expectation about Díaz-Canel’s speech before the G77 and the BRICS gathered in Pretoria during the XV Summit of these countries. A missed opportunity to correct mistakes and and set things straight. Unfortunately, this is not present in the Cuban regime and, therefore, this speech … Continue reading “Keys to Cuban President Diaz-Canel’s Speech at the BRICS Summit”
14ymedio, Havana, 26 August 2023 — In the midst of the process of bancarización* [banking reform] of transactions in Cuba, a group of Russian experts advises the Cuban Minister of Foreign Trade and Foreign Investment, Ricardo Cabrisas, on issues of “digitalization of fiscal control and electronic banking.” His proposal: the foundation of a Business Development … Continue reading “Moscow Is Involved in the Digitization of Fiscal Control for Private Businesses in Cuba”
14ymedio, Elías Amor Bravo, Economist, August 21, 2023 – The government claims its new banking reform measure, referred to as bancarización,* will be a boon for the tax system. Really? Or is it the other way around? For days now, the state-run press has been on a demagogic propaganda campaign to promote the measure, which … Continue reading “Banking and the Tax System under Cuban Communism: One More Twisted Path”
14ymedio, Havana, 15 August 2023 — As of Tuesday, August 15, Cuban banks will offer their customers a 6% discount for using electronic payment options. However, the offer will not last long, only until the 30th of this month. The vice-president of the Central Bank of Cuba (BCC), Alberto Quiñones, announced the measure on Monday … Continue reading “Cuban Officials Offer a Fifteen-Day 6 Percent Discount on Electronic Payments”
14ymedio, Havana, 14 August 2023 — Two weeks ago, Maritza, a retiree living in Central Havana, took her flat-screen TV to a neighbor who repairs household appliances “on the side.” The young man told her that he would have to replace a part and the cost would be 4,000 Cuban pesos, or twenty dollars, based … Continue reading “With the Peso Dying, Cubans Are Living in Rhythm with the Dollar”
14ymedio, Elías Amor Bravo, Economist, August 10, 2023 — Not surprisingly, recently announced government banking regulations have aroused a myriad of fears among the business community and Cuban society at large. And the regime, which has been sensitive to any sign of social unrest since the mass protest of July 11, 2021 has not come … Continue reading “Cuba’s Banking Reform Put on Hold and Another Experiment Bites the Dust”
