Cuban Gov. Opens Mega Wholesale Store Selling in US Dollars

More than 85 stores in Cuba operate only in dollars, exceeding the 7% expected by the government. The measure seeks to attract foreign exchange in the face of the shortage of supply in national currency, generating criticism and discontent.

It is the first weekly descent since the flotation scheme was implemented with bands, in mid-April.

Cuban Gov. Opens Mega Wholesale Store Selling in US Dollars

The Tiendas Caribe chain, part of the GAESA military consortium, inaugurated a new wholesale establishment that functions with US dollars. The post Cuban Gov. Opens Mega Wholesale Store Selling in US Dollars appeared first on Havana Times.

In the same week that it postponed the measure banning wholesale sales to MSMEs, the Cuban regime opened a store to sell wholesale to that sector... in dollars.