When it comes to currency and global trade, “stability” seems like a quaint concept these days, an increasingly distant memory that takes on the trappings of nostalgia. One currency goes into crisis, and then another. The stolid figures of finance issue warnings that seem crafted...
August 03, 2023
The Cuban Central Bank has issued new regulations designed to address runaway inflation and the large off-the-books economy that has developed in the midst of the country’s economic crisis. The regulations, which went into effect Thursday (Aug. 3), put a limit of 5,000 pesos on cash transactions between state and private businesses and bans those […]
