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Monetary overhaul makes progress in Cuba despite adversities


Monetary overhaul makes progress in Cuba despite adversities
Monetary overhaul makes progress in Cuba despite adversities
Havana, (Prensa Latina) The monetary overhaul in Cuba is making progress despite the situation caused by the tightening of the economic, commercial and financial blockade imposed by the United States, ministers said.
An assessment of the two and a half months of implementation of this transformation in Cuba s economic and social life, which has implied removing the monetary and exchange duality, establishing a unique exchange rate at 24 pesos (CUP) per US dollar, implementing a general pay reform and eliminating undue gratuities and excessive subsidies, makes them evident. ....

United States , Ciudad De La Habana , Marino Murillo , Development Of The Guidelines , Commission For The Implementation , Prensa Latina , Prices Meisi Bola , ஒன்றுபட்டது மாநிலங்களில் , யடட டி லா ஹபனா , மரினோ முரில்லோ , வளர்ச்சி ஆஃப் தி வழிகாட்டுதல்கள் , தரகு க்கு தி செயல்படுத்தல் , ப்ரெந்ஸ லத்தீன் ,

Interest rates likely to be stable this year


Interest rates likely to be stable this year
By CHEN JIA |
CHINA DAILY |
Updated: 2021-03-12 07:33
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A clerk counts cash at a bank in Nantong, Jiangsu province. [Photo/Sipa]
China s monetary authority may not cut policy rates this year, although monetary easing is going on in other major economies to contain coronavirus risks, according to a policy adviser and a former member of the central bank s monetary policy committee.
It is likely that the central bank will maintain a stable level of interest rates this year, without proactively cutting the policy rates, said Li Daokui, a member of the 13th National Committee of the Chinese People s Political Consultative Conference. The market rates may decline moderately, as the authorities will continue to inject liquidity and keep it at an adaptive level. ....

Li Daokui , Academic Center , Tsinghua University , National People Congress , National Committee , Chinese People , Political Consultative , Chinese Economic Practice , Government Work Report , Premier Li Keqiang , National People , Five Year Plan , தேசிய மக்கள் காங்கிரஸ் , தேசிய குழு , சீன மக்கள் , பொலிடிகல் ஆலோசனை , சீன பொருளாதார ப்ர்யாக்டீஸ் , அரசு வேலை அறிக்கை , தேசிய மக்கள் , ஐந்து ஆண்டு திட்டம் , நீர்மை நிறை ,