Strapped for Cash, Cuba Turns to US Dollars

The series of new measures include the introduction of special “dollar stores,” an increase in domestic agricultural production to reduce dependency on imports, wholesale stores for owners of cafés, restaurants and other businesses, and long-awaited expansions for small- and medium-sized businesses.

Full article by the Startup Cuba here.

Cuba is slowly losing a lifeline as Venezuela collapses

With fuel shipments dwindling, long lines at gas stations have been a fact of life for most of the summer, and in recent days they have become a fixture at bus stops because routes have been suspended to conserve diesel.

Cuban President Miguel Diaz-Canel appeared on state television last month to announce austerity and energy-saving measures in the face of what he called “temporary” shortages.

Article by Los Angeles Times here.

Cuba feels the pinch of the Trump administration’s travel restrictions.

Trump, in a June 2017 speech in Miami, declared his new policies toward Cuba would bypass “the military and government to help the Cuban people form businesses and pursue much better lives.”

Many Cubans say, however, that their private businesses have slowed to a crawl as many relatively free-spending Americans are removed from the visitor mix.

Article by Los Angeles Times here.