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First stage of Latin American Film Festival ends in Cuba

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The first stage of the 42nd International Festival of the New Latin American Cinema ends today in Cuba, but the event will remain open because its competition days will take place in March 2021. Dividing the festival in two phases was the solution its organizers found amid the difficult situation unleashed by Covid-19 worldwide.

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Cuba for international cooperation on climate change

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Cuban President Miguel Díaz-Canel urged today the promotion of international cooperation to face the climate change that specially affects the islands and those with low level of development. Speaking at the Virtual Summit on Climate Ambition, the Cuban head of state insisted on the need for the countries of the so-called First World to assume a leadership of solidarity in reducing emissions and providing the necessary means of implementation to poor nations.

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Cuba will take action against inflation

ministra precios

Cuba will take measures from January 1 to curb an expected inflation derived from the monetary reordering, a process that today draws the attention of Cubans. With the arrival of the new year, the convertible Cuban peso (CUC) will disappear and only the regular Cuban peso (CUP) will be used for all operations, with an exchange rate of 24 to 1 against the dollar.

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Cuba participates at the highest level in climate Summit

Canel-ONU

The president of Cuba, Miguel Díaz-Canel, heads the delegation of the Caribbean island to the Climate Ambition Summit that will take place virtually, five years after the adoption of the Paris Accords. The appointment is scheduled prior to the Conference of the Parties number 26 of the United Nations Framework Convention on Climate Change (COP26), to be held in November 2021 in Glasgow, United Kingdom.

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Cuban President affirms 2021 will be a year of challenges

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The coming 2021 will be a year of challenges for Cuba, a stage of improvement, dialogue and continuity in line with the transformations advancing today in the country, said President Miguel Díaz-Canel. In the midst of these complex changes, the nation demands efforts and unity, the president acknowledged in a recent meeting with capital authorities after a two-day government visit to this province.

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In Cuba, new monetary order will be gradual and just

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In Cuba, new monetary order will be gradual and justHavana, Dec 12 (Prensa Latina) The elimination of excessive subsidies and undue gratuities within the monetary system will be carried out in Cuba gradually and protecting vulnerable sectors, a government practice in force today on the island. The head of the Commission for carrying out the Guidelines of the Communist Party of Cuba, Marino Murillo, explained the eve that this process.

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Eurasian Economic Union analyzes Cuba’s observer status

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The Eurasian Economic Union (EU) analyzed on Friday Cuba’s status as an observer State, during a meeting by videoconference in which Cuba’s President Miguel Diaz-Canel participated. According to images shown here by the capital’s television, besides Cuba, Uzbekistan also participated at the highest level, another country whose status as an observer was analyzed at the UEE meeting.

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Cuba’s Minister deems vital monetary overhaul to boost development

Ministro cubA

Cuba’s Minister of Economy Alejandro Gil affirmed on Friday that the monetary overhaul, with the Cuban peso as the only national currency, is an indispensable measure to boost the country’s development. We are entering a period of deep and necessary transformations, for all’s sake, Gil tweeted referring to the implementation of the monetary and exchange rate unification that will come into force on January 1, 2021.

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Cuba will start currency unification as of Jan 1st

Moneda cubana

Cuba will start dismantling its current two-teer monetary system as of January 1st, leaving the traditional peso (CUP) as the only official currency of the land at an initial exchange rate of 24 to 1 US dollar. President Miguel Diaz-Canel made the announcement last night at a special message to the nation in a radio-television hookup.It is the first measure formally announced as part of broader plan to overhaul the economy.

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Monetary and exchange rate regulation in Cuba begins on January 1: The exchange rate will be 24 Cuban pesos to one dollar

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With the presence of Army General Raúl Castro Ruz, first secretary of the Central Committee of the Communist Party of Cuba; The President of Republic of Cuba, Miguel Díaz-Canel Bermúdez reported that the monetary and exchange rate regulation process will begin on January 1, with a rate exchange of 24 Cuban pesos for one dollar. “The corresponding elaborations and analysis have been concluded, as well as all the necessary legal norms, so it is considered that the conditions are created to announce the start of the regulation process as of January 1,”