Latin American Weekly Report
07/01/2021 - Cuba finally bites the bullet and eliminates dual-currency system
Few of the anniversaries of the Cuban Revolution celebrated on 1 January have been as momentous as the 62nd. This marked the day of reckoning for the Cuban economy, which could also have political repercussions, after the Communist government finally took the plunge and unified the currency system. This is the first official devaluation of the peso since the 1959 revolution and the most significant economic reform since the ‘Special Period’ that followed the collapse of the Soviet Union in 1991.
Download the full briefing to read on...
Access to the full Latin American Weekly Report is one of the benefits of a Canning House Corporate Membership.
Canning House Individual Members receive LatinWeek with their weekly newsletter.
Learn more and become a member today.