Business & Economy

Cuba: Envisioning the End to Dual Currency

One day, so far unknown but probably closer than imagined, will be “Day Zero” for the start of the process of monetary unification foretold in 2011 by the economic reforms of the Cuban government. Economist Pavel Vidal gives us his view as to how it may all unfold.

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Cuba Tops 11,000 Doctors in Brazil

A new contingent of 4,000 Cuban doctors is currently arriving in Brazil adding to the 7,400 already working in the “More Doctors” program of President Dilma Rousseff. Back in January the Brazilian ambassador in Havana had announced his country’s intention to raise the number of Cuban doctors in the program to 11,000.

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Cuba Hosts Iranian Legislators

An Iranian parliamentary delegation left Teheran for Havana Monday morning (March 3), according to a brief news item from IRNA the Iranian News Agency. The group is headed by Alaeddin Boroujerdi, chairman of the Assembly’s National Security and Foreign Policy Committee.

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Major Cuba Art Theft Confirmed

The report of a major theft of valuable Cuban art from the island’s Fine Arts Museum was confirmed on Friday in a statement from the National Council of Cultural Heritage.

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Cuban Doctors in Brazil Get a Sizeable Pay Raise

Cuban doctors sent to Brazil to work in that country’s “More Doctors” program for unattended populations received good news on Friday as their wages were increased considerably. Publicly voiced discontent among a small number of the doctors appears to have received a positive reply.

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Cuba Loses Two Important International Bank Branches

The Banque Nacionale de Paris (BNP Paribas), France’s largest banking institution, has closed its branch in Havana following an investigation undertaken by US authorities prompted by alleged transactions in violation of the commercial bans on Cuba, Iran and Sudan.

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Cuban Sugar Harvest Dragging

The costly backlog of more than 8000 tons of sugar, by mid-February impedes compliance and a successful completion of this year’s harvest, states a report in the official Granma daily.

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Rationed Protein Products in Havana (Feb. 17-23)

Besides their monthly quota of rice, sugar and a small amount of beans or chick peas, Havana residents also receive a monthly list of “protein products” with their ration booklet. Here is the official monthly distribution info for the period February 17-23.

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