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Report: Cuban Peso Parallel Market Rate Plunges to Low Last Seen in Oct. 2022
26.6.2023
The parallel market exchange rate of the Cuban peso versus the greenback recently dropped to CUP200 per dollar, a level last seen in Oct. 2022, a report has said. Pavel Vidal, a former economist at the Cuban central bank, said the peso’s depreciation has caused the “impoverishment...
Cuban President: Ditching US Dollar Frees Countries From Sanctions and Aggression
3.6.2023
Cuba’s president, Miguel Diaz-Canel, says the U.S. dollar’s global reserve currency status enables the United States to pursue an “aggressive hegemonistic policy of building walls, imposing punitive sanctions, blackmail, aggression, and slander.” He added that the BRICS economic bloc...
Latam Countries Prepare Regional Agreement to Counter Rampant Inflation
4.3.2023
A group of countries in Latam is preparing a regional agreement to address inflation, a problem common to most nations in the region. The initiative, which is being spearheaded by Mexican president Andres Lopez Obrador, would allow the exchange of products with high prices between the states...
Food and Cash Shortages Push Cubans Toward Permissionless Cryptocurrencies
5.7.2020
The Nation of Cuba is dealing with a national food crisis, as Venezuela has stopped offering aid to the small island nation. Moreover, the coronavirus outbreak has caused a shortage of cash couriers called “mules” and everyday items are becoming scarcer. Amid the crisis, a number...