Search results for: MLC

Three Cuban Youths are Sentenced to Prison for Conversations Intercepted by State Security G2

14ymedio, Havana, April 4, 2022 — Leodán Pérez Colón, Yoel Castillo Cervantes and Yanderley Quesada Marín, sentenced to several years in jail in Sancti Spíritus for protesting on July 11, did not even set foot on the street that day. According to the sentencing document, signed on January 18th and accessed by 14ymedio on Monday, … Continue reading “Three Cuban Youths are Sentenced to Prison for Conversations Intercepted by State Security G2”

The US Sells its Chicken Cheaper and Cuba Takes the Opportunity to Buy More

14ymedio, Havana, 5 April 2022 — Chicken exports from the United States to Cuba marked a milestone again in February. According to the Cuban economist Pedro Monreal with a source in the US Department of Agriculture, the amount that arrived on the island that month, 31,212 tons, is the third largest in the last two decades, behind … Continue reading “The US Sells its Chicken Cheaper and Cuba Takes the Opportunity to Buy More”

Central Bank of Cuba Extends Term to Change CUC to Pesos or Foreign Currency

14ymedio, Madrid, 31 March 2022 — The Cuban authorities gave the green light this Wednesday for an extension to settle accounts in CUC (Cuban Convertible Pesos). The Central Bank of Cuba announced in a note through its website and social networks that the deadline to convert deposits in the former convertible peso to another currency … Continue reading “Central Bank of Cuba Extends Term to Change CUC to Pesos or Foreign Currency”

Rock is Thrown Through the Window of a Havana Phone Store Last Night

14ymedio, Juan Diego Rodríguez, Havana, 30 March 2022 — No one saw anything and few are talking, but the truth is that this Tuesday the office of the State telecommunications company Etecsa on Obispo Street, in Old Havana, woke up with a broken glass. “They have already begun to break the windows of the Etecsa … Continue reading “Rock is Thrown Through the Window of a Havana Phone Store Last Night”

Cuba’s State Fuel Company Attributes the Shortage to a 65 Percent Increase in Demand

14ymedio, Madrid, 28 March 2022 — The Cuba-Petroleum Union (Cupet) justified this Saturday the shortage of gasoline and diesel by the 20% increase in consumption in March compared to January and February. The statement from the state monopoly adds that the demand grew up to 65% last week, which led the authorities to ration fuel … Continue reading “Cuba’s State Fuel Company Attributes the Shortage to a 65 Percent Increase in Demand”

How to Overthrow the Cuban Regime from a Havana Barbershop

14ymedio, Havana, 20 March 2022 — Regardless of the more than a thousand political prisoners, the surveillance of any place where a riot could take place – the latest one, the Embassy of Panama – the harassment of any discordant voice, the discrediting of activists and opponents in the official media, small corners of freedom … Continue reading “How to Overthrow the Cuban Regime from a Havana Barbershop”

Stores Trading in Dollars are ‘A Measure of Social Justice,’ According to the Cuba’s Minister of the Economy

14ymedio/EFE, Havana, 8 February 2022 — This Tuesday, Alejandro Gil, Cuba’s Minister of Economy and Planning, defended the opening of stores that operate exclusively in hard foreign currency, arguing that, without them “the country’s economic situation would be even more complex”. Gil told the Cuban News Agency (ACN) that “although many do not see it … Continue reading “Stores Trading in Dollars are ‘A Measure of Social Justice,’ According to the Cuba’s Minister of the Economy”

‘Dollar’ Stores are a Lifeline, Says Cuba’s Minister of the Economy

14ymedio, Madrid, 11 February 2022 — Aware of the annoyance generated by the expansion of stores that take payment only in MLC (freely convertible currency), on Thursday Alejandro Gil, Minister of Economy and Planning, wanted to delve into the defense he made of the stores last Tuesday in an interview with the Cuban News Agency … Continue reading “‘Dollar’ Stores are a Lifeline, Says Cuba’s Minister of the Economy”

Do Hard Currency Stores in Cuba Have any Justification?

14ymedio, Elías Amor Bravo, Economist, 9 February 2022 — There are times when it is better to remain silent. The Cuban economy minister, Gil, has said on Cubadebate that “without the stores in MLC [hard currency], the economic situation in Cuba would be even more complex.” But he knows that this is not true and that, at … Continue reading “Do Hard Currency Stores in Cuba Have any Justification?”

Cuban Honey, Sweet for Export and Bitter for Nationals

14ymedio, Mercedes García, Sancti Spíritus, 3 February 2022 — A teddy bear with a smiley face peeks out of a dollar store shelf in Havana. Inside the container rests honey that began its journey in the Cuban fields. The product that the authorities proudly displays hardly appears in the markets that take payment in pesos. … Continue reading “Cuban Honey, Sweet for Export and Bitter for Nationals”

Taxi Drivers and Customers Confronted by Inflation in Cuba

14ymedio, Juan Diego Rodríguez, Havana, 5 February 2022 — Most of the taxis that pass this Thursday through San Lázaro Avenue, in Havana, continue without stopping. A line of pedestrians waits with their arms raised at the edge of the sidewalk, unsuccessfully: the vehicles are unoccupied, but they don’t stop. “Before I used to wait … Continue reading “Taxi Drivers and Customers Confronted by Inflation in Cuba”

Cuba: Is There Really a U.S. Embargo?

14ymedio, Elías Amor Bravo, Valencia, 3 February 2022 — With regard to the embargo, which the official Castrist press has converted into a lightning rod, it is interesting to share some reflections which, for obvious reasons, will be very different from those launched by communist propaganda. The truth is, taking advantage of the 60th anniversary … Continue reading “Cuba: Is There Really a U.S. Embargo?”

Dollar Store Imports Hurt Cuban Soft Drink Factory

14ymedio, Madrid, 21 January 2022 — As Cuba’s domestic soft drink manufacturing declined, the shelves of stores that only take payment in freely convertible currency (MLC) were stocked with similar but imported beverages. The complaint comes from the director of the mixed-ownership company — with a foreign partner — located in Pinar del Río Los … Continue reading “Dollar Store Imports Hurt Cuban Soft Drink Factory”

Cuba: The Mother of a Young Man Sentenced to 5 Years in Prison Denies it Was for Throwing a Rock at a Store

14ymedio, Havana, January 20th, 2022 — The five-year prison sentence, which the Provincial Tribunal of Sancti Spíritus announced against Leodán Pérez Colón was for “associating to commit a crime” and two counts of “contempt”; none of the charges were for throwing a rock at a store, explained his mother, Elizabeth Colón Peña, who attended the … Continue reading “Cuba: The Mother of a Young Man Sentenced to 5 Years in Prison Denies it Was for Throwing a Rock at a Store”

Five Years in Prison for a Young Man from Sancti Spititus for Calling for the Resignation of Cuban President Diaz-Canel and Stoning a Store

14ymedio, Madrid, 19 January 2022 — Three young people from Sancti Spíritus have been added to those sentenced to prison for acts linked to the July 11th (11J) protests in Cuba. The Provincial Court made public this Tuesday the sentences for Leodán Pérez Colón, who received 5 years in prison, Yoanderley Quesada, 2 years, and Yoel … Continue reading “Five Years in Prison for a Young Man from Sancti Spititus for Calling for the Resignation of Cuban President Diaz-Canel and Stoning a Store”