Daily Memo: Cuba’s Hard Currency Problem

The issue is related to the decline in tourism, a major source of foreign currency for Cuba.

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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 […]

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Geopolitical Futures (GPF) was founded in 2015 by George Friedman, international strategist and author of The Storm Before the Calm and The Next 100 Years. GPF is non-ideological, analyzes the world and forecasts the future using geopolitics: political, economic, military and geographic dimensions at the foundation of a nation.