Dolarization: A Political Control Measure

Economist Pedro Monreal argues that the Cuban government's decision to dollarize is driven more by political control over currencies than by economic necessity.


Dolarization: A Political Control Measure

Economist Pedro Monreal asserts that the decision to dollarize in the country is more about the government's desire to control the currency rather than an economic necessity. According to the expert’s opinion, this is a manifestation of the ruling class's intention to control the use and circulation of foreign currency in the country.

Dollarization, as a mechanism, allows the government to control currency operations and restrict access to foreign currency. This may be a method of control over the economic sphere and financial flows of citizens.

In light of the above, it can be concluded that the decision to dollarize the country does not have exclusively economic goals, but rather serves as a means of political control by the government.