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Cuba's monetary reform will create multiple shocks

Location:

CUBA

The long-postponed move is essential but will send shockwaves through the economy. Inflation and currency flight will soar. Salary and pension hikes will be quickly eaten up by…

Cuba to return to emergency economics

Location:

CUBA

The measure is part of Washington’s latest efforts to squeeze the Cuban economy and force a change of government in Havana. It comes on top of an already tense situation, as Cuba…

Post-Castro leadership will pursue continuity in Cuba

Location:

CUBA

The handover was one of several changes to the politburo that have brought to an end the leadership of the 1959 revolution. The new politburo is nevertheless dominated by familiar…

Cuba will struggle to keep inflation at bay

Location:

CUBA

So far, state-sector price controls and price caps on food and private markets have prevented runaway inflation. However, producers are withholding goods or selling on the black…

Social costs of dollarisation will be high in Cuba

Location:

CUBA

The economy, however, is in dire straits. Widespread shortages of everyday supplies are reminiscent of the crisis that followed collapse of the Soviet Union in the 1990s. Economic…

Crisis spurs Cuban monetary reform

Location:

CUBA

This step is essential to advancing the country’s economic reform agenda, but it promises to be tricky, putting pressure on inefficient state companies, threatening savings and…