Cuba Formalizes the Partial Dollarization of Its Economy Through a Legal Package
17 Articles
17 Articles
On Thursday, the Cuban government published in the Official Gazette a series of regulations that formalize the use of foreign currencies on the island, formalizing the growing dollarization promoted by the Executive in the midst of the serious crisis that the country is suffering.
The Government of the island approves a package of decrees that allow state, private and foreign companies to carry out transactions in foreign currency within the country.
Havana, Dec 11 (EFE).- The Cuban government published in the Official Gazette this Thursday a series of regulations that formalize the use of foreign currencies on the island, formalizing the growing dollarization promoted by the Executive in the midst of the serious crisis that the country is suffering.
On Thursday, the Cuban government published in the Official Gazette a series of regulations that formalize the use of foreign currencies on the island.
On Thursday, December 11, a new decree of law was published in Cuba, authorizing the use of dollars in internal transactions.This new decree of law does not cover only the dollar, but also other foreign currencies, as it began to expand a year ago in response to the crisis facing its national currency.Cuba authorizes internal transactions in dollars with this new decree of lawIn the Official Gazette of Cuba, Decree-Law 113/2025 was published tha…
Latin American Summary, December 11, 2025. The government of the island approves a package of decrees that allow state, private and foreign companies to carry out transactions in foreign currency within the country. The Cuban government published on Thursday a new legal framework that authorizes and regulates the use of foreign currencies (foreign currencies like the dollar [...] Entry Cuba. Authorizes transactions in foreign currency within the…
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