Two Currencies: A Complex Matter in Current Changes in Cuba

The most eloquent example of the complexity of the process of implementation of the Socio-Economic Guidelines lies in the monetary and exchange duality, asserted on Saturday Army General Raul Castro, First Secretary of the Cuban Communist Party (PCC).

While reading the main report of the Seventh Congress of the organization, in session at Havana’s Convention Center, the President of the councils of State and Ministers said that this is a matter on which work has not stopped in recent years and the solution of which “will not be postponed indefinitely.”

He said that although the unification of the two currencies is not the magic solution to all structural distortions in the economy, it will represent a major boost to progress in the rest of the tasks with a view to the update of the national model.

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