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Cuba welcomes 2021 in victory, introduces new monetary policy


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On Jan. 1, the 62nd anniversary of Cuba’s revolutionary victory, the government is implementing a sweeping economic policy with reorganization of the monetary system to promote more efficiency and greater production. It comes at a crucial time when the U.S. blockade and the impacts of COVID-19 are creating deeper difficulties for the Cuban people.
Cuba’s socialist system enabled the people and government to weather the storm of 2020 and save lives in a way that U.S. capitalism could not and did not do. The most telling example is Cuba’s unified effort to overcome COVID. Only 145 people have died from the virus, just 1.2 percent of the per capita COVID death rate in the United States. And Cuba’s outstanding internationalist medical workers went to dozens of countries to help beleaguered peoples in their crisis. ....

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