Economy Country February 03, 2025

Cuba's Partial Dollarization Plan Unveiled

Cuba continues to struggle with its economy as the idea of a partial dollarization emerges. Experts doubt a full de-dollarization will be feasible as the economy remains strained.


Cuba's Partial Dollarization Plan Unveiled

The idea of implementing "partial dollarization" emerged as an alternative plan in the absence of the possibility of conducting a full monetary reform. According to experts, it is unlikely that we will ever see the process of "abandoning the dollar", as well as the return of markets to the national currency, withdrawn from the sale of goods in MLC currency.

We have never seen "desdollarization" and the return of markets to local currencies, withdrawn from the sale of goods in MLC currency.