Cuban government policy sets salaries, resulting in a decline in purchasing power.
1 report, 1 independent
Updated Jul 1
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What happened
Cuban government policy sets salaries, resulting in a decline in purchasing power.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- State salaries in Cuba are now denominated in pesos.Sub-event
Government policy setting salaries leads to purchasing power decline.1 source
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The entities involved
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Cuba
sovereign state situated on an island in the Caribbean Sea
Related events
- Negotiations regarding future prosperity and political status in Cuba are underway.
- Officials confirm the central bank's role in macroeconomic policy in Cuba.
- US policy aims for irreversible political change in Cuba.
- The US questions GAESA about economic failures and reviews its assets, which control 40-70% of Cuba's GDP.
- Cuba is experiencing power cuts, Argentina reported a national surplus, and Colombia's market slipped amid political heat.
Coverage
Newest first; wire copies grouped- cubaheadlines.comNewly Graduated Cuban Doctors Face a Meager $14 Monthly Salary Amid Economic Strain