Tag: Cuban President Miguel Diaz-Canel

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Report: Cuban Peso Parallel Market Rate Plunges to Low Last Seen in Oct. 2022

June 26, 2023

The parallel market exchange rate of the Cuban peso versus the greenback recently dropped to CUP200 per dollar, a level last seen in Oct. 2022, a report has said. Pavel Vidal, a former economist at the Cuban central bank, said the peso’s depreciation has caused the “impoverishment of the economy and families in dollar terms.”…
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Cuban President: Ditching US Dollar Frees Countries From Sanctions and Aggression

June 3, 2023

Cuba’s president, Miguel Diaz-Canel, says the U.S. dollar’s global reserve currency status enables the United States to pursue an “aggressive hegemonistic policy of building walls, imposing punitive sanctions, blackmail, aggression, and slander.” He added that the BRICS economic bloc “provides a brilliant alternative for economic integration, especially for developing economies.” Cuba’s President on De-Dollarization Cuban…
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