Economy Minister Alejandro Gil news and trends

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Cuba Implements Regulations to Combat Inflation and Off-the-Books Economy

August 03, 2023
The Cuban Central Bank has issued new regulations designed to address runaway inflation and the large off-the-books economy that has developed in the midst of the country’s economic crisis. The regulations, which went into effect Thursday (Aug. 3), put a limit of 5,000 pesos on cash transactions between state and private businesses and bans those […]