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Searched Tag: cuba crisis

A man pushes a cart against a backdrop of former Cuban leaders.

Can an economic fallout end Cuba’s communist rule?

November 9, 2024, 02:56 PM - 8 min read

Cuba’s latest crisis has led observers to question the regime’s viability, with many asking whether now could be the time for Cuba’s communist government either to reform or collapse.

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Cuba is facing a mounting cash crisis, with citizens struggling to access funds for everyday transactions amidst long queues forming outside banks and ATMs in the capital city of Havana.

Cash crisis hits Cuba: Long queues outside banks amid severe peso shortage

April 28, 2024, 09:25 PM - 2 min read

Perez points to the government's burgeoning fiscal deficit, the absence of banknotes with higher denominations than 1,000 Cuban pesos (approximately $3 in the parallel market), persistently high inflation rates, and the reluctance of cash return to banks as key factors contributing to the shortage.

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