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Cubans hit hard by soaring prices

2022-01-06T14:20:13.568Z


REPORT - The end of the convertible peso a year ago added to the pandemic and the tourism crisis in the Castro island.


Havana

To discover

  • The 2021 Christmas bonus will be paid from December 15

In these first days of January, Cubans are celebrating 63 years of the “triumph of the Revolution”, as the saying goes. Alberto, an unemployed bass player, puts his hand in his pocket. He extracts a packet of Criollo cigarettes, the cheapest in Cuba. “

This package has gone from 7 pesos

(0.28 centime)

in January

(2021)

to 100 pesos

(4 euros)

today. The government has paid me 4000 pesos

(160 euros)

per month, or 70% of my salary, since the start of the pandemic. It is not tenable

”, plague Alberto. Blame it on the crisis, the pandemic?

Not only.

Havana carried out a shock currency reform in January 2021 and abolished the dual currency system, unique in the world.

The convertible peso, created in 1994 to counter the dollar, initially reserved for tourists, has disappeared, leaving only the Cuban peso.

Inflation has ignited.

The wildest figures circulate on the rise in prices.

"

6900%

", say the anticastrists.

"

False

", replies the minister ...

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Source: lefigaro

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