Julio Carranza 7 posts 0 comments

Reproducimos el breve, pero agudo comentario del economista cubano Julio Carranza –publicado en su sitio de FB el pasado 3 de enero.
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It is the market in Cuban pesos, the national currency of legal tender and in which work is paid, which must be a priority in its essential recovery.
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Se anuncia una expansión de acuerdos con empresas extrajeras para incrementar ofertas en MLC, lo cual, visto de manera general está bien, es un paso importante, pero esto se debe mirar…
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The challenges and pressures on the Cuban economy have been enormous, and the response has not been up to the task and with the certainty and agility required.
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Opening new spaces and overcoming the existing obstacles is part of the comprehensive reform in which progress must be made.
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The necessary monetary reform and the devaluation of the Cuban peso have "allowed the genie out of the bottle" and force us to quickly continue with the rest of the transformations.
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What's new and complicated is that the CUC no longer seems convertible and therefore could be easily eliminated.
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