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The Cuban government has ramped up its promotion of the Classic prepaid card, a financial product in U.S. dollars (USD) that ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

The exchange rate for the U.S. dollar in Cuba holds steady at 340 CUP in the informal market, highlighting the continued ...

Lack of access to foreign currency means monopoly operator, Etecsa, is unable to invest in its network It has an ...

Although the regime blames the U.S. embargo for the country's crisis, documents obtained show they have the income to meet ...

The Díaz-Canel government has announced a ‘partial dollarization’ in its latest attempt to steer a completely bankrupt ...

Each member receives a $6,250 stipend per year. After tax, that provides around $100 per week.

Cash-starved Cuba this month opened the first grocery store to accept hard U.S. currency on the island in nearly two decades, ...

or paying 200 Cuban pesos for collective taxis. While the mostly empty roads are better for the air quality, the transport shortages impact production, goods distribution, mobility, working and ...

But, as we glimpse the first lights of this incipient 2025, a currency storm is on the horizon that threatens to further upend this floating shell that we continue to call Cuba, if only out of habit.

The Minister of Transportation has already acknowledged that it "does not solve the transportation problem" but also stated that it "creates opportunities." ...