Radio26.Cu – Matanzas, Cuba

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Monetary unification: Cuba will never apply shock therapy (+ recording)

Tamara Caridad Mesa González 26 noviembre, 2020

The dual currency and exchange rate in Cuba is a phenomenon destined to disappear in a short time to put an end to the deformations that the national economy presents today.

The reform of wages, pensions and social assistance benefits will make it possible to recover the value of money and the payment that each worker receives, essential to finance family and personal consumption.

Measures related to the state and non-state sectors, as well as retirees and pensioners, will arrive from day zero to reorder our economy, now mired in the crisis aggravated by the impact of COVID-19 and the tightening of the US blockade.

The monetary unification process in Cuba, established in the guidelines of the country’s economic and social policy, will take place with the materialization of a package of important measures for state and domestic life. This was commented by José Miguel Hernández Barrenechea, president of the Association of Economists in Matanzas.

… ON LINE AUDIO

For the realization of this process, said the president of the National Association of Economists in Matanzas, an extensive training program has been developed with the business sector.

… ON LINE AUDIO

A formula that will also increase the incentive for work, so that it becomes a primary value in our society, will be that the remuneration obtained from it allows meeting the real needs identified in the basket of goods and services.

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