Diaz-Canel: Monetary ordering will guarantee fewer obstacles in Cuba’s economy

Diaz-Canel explained that the process to eliminate the Cuban convertible peso (CUC), one of two currencies circulating legally in the country, will guarantee bank deposits in any currencies, both national and foreign.

He mentioned improvements in the purchasing power of people and pensions, as well as the elimination of subsidies; however, social assistance will support those who do not have enough incomes, while free health care and education will be preserved, as established in the Constitution of Cuba.

‘In a first stage, the ration card will continue to be in force as a formula to ensure people’s access to basic products like food and to prevent hoarding,’ Diaz-Canel pointed out.

The head of State said that other details about the implementation of this strategy will be informed thgis week with the participation of ministers and other officials in the Round Table TV program.

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