Dollarization

Shops at the Habana Libre Hotel in Havana have temporarily closed, with a sign stating they will reopen only in US dollars, highlighting the ongoing dollarization trend in Cuba's economy.

14 Mwezi wa kumi na mbili, 2025 Imeripotiwa na AI

Economy Minister Joaquín Alonso Vázquez has framed the government's new partial dollarization measures—detailed in last week's resolutions—as a temporary bridge to full de-dollarization and 'socialism with Cuban characteristics.' The policy allows private entities to retain 80% of foreign currency earnings while building a formal exchange market.