- Development & Aid
- Economy & Trade
- Human Rights
- Global Governance
- Civil Society
Thursday, January 18, 2018
Oct 29 2013 (IPS) - The unification of the two currencies circulating in Cuba, announced by the government but without any clear timeframes, will put an end to two decades of a dual currency system that was introduced when the country was brought to its knees by the collapse of the Soviet Union.
But experts say the inequalities that emerged during the severe economic crisis will not be resolved through mere monetary reform.
The following graphic provides a timeline showing the key developments in the dual currency system and the way nominal wages, revenue, savings and liquidity have evolved.
Read complete story: Cuba’s Dual Currency System: A Death Foretold
IPS is an international communication institution with a global news agency at its core, raising the voices of the South
and civil society on issues of development, globalisation, human rights and the environment
Copyright © 2018 IPS-Inter Press Service. All rights reserved. - Terms & Conditions
You have the Power to Make a Difference
Would you consider a $20.00 contribution today that will help to keep the IPS news wire active? Your contribution will make a huge difference.