Cuba highlights monetary reform for the private sector
especiales
'The Government diversifies and is committed to this sector that provides employment and development,' Marrero added.
With an interdisciplinary and cross-cutting nature, which implies the elimination of undue subsidies and gratuities, as well as the transformation of income, this task considered indispensable by Cuba's top authorities.
As of January 1, Cuba will have the Cuban peso (CUP) as the only official currency in the country, at a single exchange rate of 24 CUP per 1 dollar, thus eliminating the Cuban convertible peso (CUC) from circulation.
From then on, 19 new resolutions issued by the Ministry of Labor and Social Security regarding salaries, pensions and social assistance benefits will come into force.
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