Cuba advances in monetary order to improve economy

Havana, Oct 13 (Prensa Latina) The monetary and exchange system in Cuba is essential for a more coherent performance of the Cuban economy, said today the head of the Permanent Commission for Implementation and Development, Marino Murillo.
The current monetary and exchange duality represents an obstacle for the largest of the Antilles, which is reflected in aspects such as prices, wages, incentives or the management of macroeconomic balances, he said on the television program Round Table.

Likewise, they affect efficiency, comparability with the rest of the world and institutionality, the economist acknowledged during an appearance to explain the progress of the Ordering Task, which includes the elimination of the country’s monetary and exchange duality.

As part of this plan, he added, 14 subgroups with 200 specialists and academics have been created in the country, while international specialists were consulted to learn about experiences from other countries.

(Expansion will follow)

mem / ebr

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