Selling in USD Doesn’t Make Cuban Companies More Efficient

[El Presidente]

Good read for those interested in what passes for a Cuban economy. 

 

Selling in USD Doesn’t Make Cuban Companies More Efficient

 January 8, 2022

Photo: Yandry Fernandez

By El Toque

HAVANA TIMES – With national products being sold in foreign currency with USD prices becoming more and more common, state-led companies “are getting fresh hard currency as if they were exporting, but they are in fact taking advantage of the shortages that exist in the economy right now and the fact that a dollarized market exists that allows this,” economist Oscar Fernandez Estrada pointed out, during an interview for an episode of El Enjambre, a podcast by elTOQUE. 

 

CONTINUED