Cuba’s hard currency problem. Cuba is facing a shortage of foreign currency after a terrible 2020 tourism season. Havana’s official currency exchange services company, CADECA, announced that it would no longer provide exchange services at airports. The problem has also affected food supplies on the island. Cuba imports about 70 percent of its food supplies […]
Daily Memo: Cuba’s Hard Currency Problem
The issue is related to the decline in tourism, a major source of foreign currency for Cuba.
