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Cuban Chess Grand Master Arrested in Protests Launches Hunger Strike

Cuban Chess Grand Master Arrested in Protests Launches Hunger Strike
ADALBERTO ROQUE/AFP via Getty Images
21 Jul 2021
Arián González Pérez, a grandmaster ranked by the International Chess Federation, has been on a hunger strike for three days as of Wednesday following his imprisonment for participating in peaceful protests in Cuba on July 11.
González, a Cuban who initially fled communism in his country and relocated to Spain, has been a vocal critic of the Castro regime for years. He is a Spanish citizen, but the Castro regime considers all persons born in Cuba – and ethnic Cubans abroad, regardless of them ever having been to Cuba – Cuban citizens only, meaning González will likely not have access to Spanish embassy services or protection. In addition to his status as a chess champion, González is an attorney and has used his position to advocate for freedom in Cuba. Reports indicate that he returned to Cuba this month, despite the threat presented by b ....

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The Sunshine Economy: Cuban Currency Unification

Published January 11, 2021 at 3:45 PM EST
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Cuban began phasing out the Cuban Convertible Peso, the CUC, on Jan. 1, 2021. It brings an end to the dual currency system on the island that has been in place since the 1990s. The change is expected to stoke inflation even as the country s economy is reeling from American restrictions and the pandemic-induced collapse of tourism.
After more than 25 years, Cuba is doing away with its dual currency system and getting rid of the Cuban Convertible Peso. What does the change mean for Cubans and for Cuban-Americans trying to help family and friends on the island? ....

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Q&A: Economist Ricardo Torres on Cuba's Monetary Unification

“This is a necessary step and, unfortunately, we are now doing this in the worst possible situation,” said the Cuban economist on the January 1 currency shift.
The new year brought with it a long-awaited change in Cuba: monetary unification for the island’s ailing economy. Before January 1, dubbed Día Zero (“Day Zero”), three currencies circulated: the Cuban peso (CUP), the convertible peso (CUC), and the U.S. dollar (USD). Now there will be no convertible pesos, which Cubans have six months to exchange, and there will be a single CUP-to-USD exchange rate across all sectors.

The change is one economists have long advocated as being necessary to kickstart reform of the stagnant, centrally planned economy that saw an average GDP growth rate of 2.3 percent since 2010. But in the midst of a pandemic and estimated 8 percent contraction in 2020, the adjustment comes “in the worst possible situation,” Cuban economist Ricardo Torres told AS/COA Online’ ....

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Cuban workers receive advanced payment

Cuban workers receive advanced payment
Cuban workers receive advanced payment
23 de diciembre de 2020, 17:29Havana, Dec 23 (Prensa Latina) Cuban workers are receiving an advanced payment, starting on Wednesday, to afford higher prices predicted as of January 1, as part of the monetary overhaul in the country.
According to Marino Murillo, head of the Commission for the Implementation of the Guidelines of the Communist Party of Cuba, the 1,000-peso advanced payment will allow workers to acquire goods and services at higher prices.
Murillo clarified on his Twitter account on Wednesday that workers will receive in January the other part of their wages, which will go up to over 2,100 pesos. ....

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Cuba's Minister deems vital monetary overhaul to boost development

Cuba s Minister deems vital monetary overhaul to boost development
Cuba s Minister deems vital monetary overhaul to boost development
Havana, Dec 11 (Prensa Latina) Cuba s Minister of Economy Alejandro Gil affirmed on Friday that the monetary overhaul, with the Cuban peso as the only national currency, is an indispensable measure to boost the country s development.
We are entering a period of deep and necessary transformations, for all s sake, Gil tweeted referring to the implementation of the monetary and exchange rate unification that will come into force on January 1, 2021.
Meanwhile, the head of Foreign Trade and Investment Rodrigo Malmierca stated on Twitter that the beginning of this overhauling task, with a single exchange rate of 24 pesos to one dollar, is a key step in the updating of the economic model. ....

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