According to him, the new regime will assume more flexibility in the exchange rate, by establishing that the rates must vary when “the conditions of supply and demand of foreign currencies are modified.”        “It is a complex process due to the participation of the state sector, non-state sector and the population, with multiple exchange rates,” Marrero said when announcing how the Government Projection program is making progress to correct di…

Cuba abbandonerà il regime del cambio fisso con il dollaro

ANSA

Italy

Cuba will abandon the fixed exchange rate regime with the dollar

Prime Minister Marrero explains that the state banking system is 'cut off from foreign exchange activity', which instead thrives on illegality. (BEND)

Il premier Marrero spiega che il sistema bancario statale 'è tagliato fuori dall'attività di cambio' che prospera invece nell'illegalità. (ANSA)

Media Bias/Fact Check

Prensa Latina

Havana

Cuba

Cuba to modify exchange rate system

HAVANA (AP) — A year later, a plan to rescue the Cuban economy from a crisis that weighs the island with inflation, dollarization and a growing illegal foreign exchange market, the government acknowledged on Wednesday that the expected results were not achieved, so it now promised a relaxation of exchange rates based on supply and demand.The Prime Minister of Cuba, Manuel Marrero, said that foreign exchange rates could fluctuate, an unusual mech…

LA HABANA (AP) — Un año después un plan para rescatar la economía cubana de una crisis que agobia a la isla con inflación, dolarización y un creciente mercado ilegal de divisas, el gobierno reconoció este miércoles que no se obtuvieron los resultados previstos, por lo que prometió ahora una flexibilización de las tasas de cambio en base a la oferta y la demanda.El primer ministro de Cuba, Manuel Marrero indicó que las tasas de cambio de divisas …

Gobierno cubano reconoce falta de resultados económicos e impulsa flexibilidad cambiaria | Agencias | La Voz del Interior

La Voz

Cuban government recognizes lack of economic results and promotes flexibility exchange rate  Agencies  The Voice of the Interior

This Wednesday, December 11, 2024, the exchange rates of the informal market in Cuba present stability in the quotations of the euro… The post The dollar declines in Cuba’s informal market appeared first on Archyworldys.

Archy Worldys

The dollar declines in Cuba's informal market - Archyworldys

Cuba will launch a floating exchange rate, Prime Minister Manuel Marrero announced, at a time when the island’s annual inflation reached 28% at the end of October. “The new currency regime assumes greater flexibility in the exchange rate by establishing that the exchange rate must vary when supply and demand conditions are changed,” Marrero said in a session of the Cuban parliament.

Cuba pondrá en marcha una tasa de cambio flotante, anunció el primer ministro, Manuel Marrero, en momentos en que la inflación interanual de la isla alcanzó el 28% a finales de octubre. El “nuevo régimen cambiario asume una mayor flexibilidad en el tipo de cambio al establecer que la tasa de cambio debe variar cuando se modifican las condiciones de oferta y demanda”, dijo Marrero en una sesión del parlamento cubano. Te podría interesar: Californ…

Cuba implementa nuevo sistema de cambio

24 Horas

Cuba implements new system of change

The Cuban government admitted that it did not achieve the results it expected with the plan it launched a year ago to rescue the island's economy, and promised to relax exchange rates based on supply and demand.

El gobierno cubano admitió que no obtuvo los resultados que esperaba con el plan que lanzó hace un año para rescatar la economía de la isla, y prometió flexibilizar las tasas de cambio en base a la oferta y demanda.

Gobierno cubano reconoce falta de resultados económicos e impulsa flexibilidad cambiaria

Voice of America - Spanish

Cuban government recognizes lack of economic performance and promotes exchange rate flexibility

Havana, Dec 18 (RHC) The Cuban government will apply changes to the exchange rate system, Prime Minister Manuel Marrero announced on Wednesday, in an appearance before the National Assembly of People's Power (Parliament).

La Habana, 18 dic (RHC) El gobierno de Cuba aplicará modificaciones en el sistema cambiario, anunció este miércoles el primer ministro Manuel Marrero, en una comparecencia ante la Asamblea Nacional del Poder Popular (Parlamento).

Cuba aplicará modificaciones en sistema cambiario

Radio Havana Cuba

Cuba will apply changes to the exchange rate system

(EFE).- The Cuban government assured this Wednesday that it will introduce a new exchange rate regime in the country -as opposed to the current one with fixed change - with "more flexibility" and that it will vary according to the "supply and demand conditions", with "one rate per day." Prime Minister Manuel Marrero made these statements when he intervened before [...] The entry Cuba announces a new exchange rate regime with "more flexibility" a…

(EFE).- El Gobierno cubano aseguró este miércoles que va a introducir un nuevo régimen cambiario en el país -frente al actual con cambio fijo- con «mayor flexibilidad» y que varíe de acuerdo con las «condiciones de oferta y demanda», con «una tasa al día». El primer ministro, Manuel Marrero, hizo estas declaraciones al intervenir ante […] La entrada Cuba anuncia un nuevo régimen cambiario con «mayor flexibilidad» y «una tasa al día» se publicó p…

Cuba anuncia un nuevo régimen cambiario con "mayor flexibilidad" y "una tasa al día"

ALnavío

Cuba announces a new exchange rate regime with "more flexibility" and "one rate per day"

Breaking news and videos: current events in Cuba and the world: politics, economy, solidarity, blockade, revolution

Noticias y videos de última hora la actualidad en Cuba y el mundo: política, economía, solidaridad, bloqueo, revolución

Anuncia Cuba nuevas medidas para corregir distorsiones e impulsar la economía, entre ellas un nuevo sistema de cambio

cubainformación.tv

Cuba announces new measures to correct distortions and boost the economy, including a new system of change

Manuel Marrero acknowledges that the currency market works mostly irregularly

Manuel Marrero reconoce que el mercado cambiario funciona mayoritariamente de manera irregular

Cuba to modify exchange rate system

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