Cuba still struggling to earn foreign currency

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HAVANA: Cash-starved Cuba fell short of its export and import plans through June of this year amidst grave shortages linked to its dependence on food, fuel and inputs for agriculture and manufacture from abroad. First Economy Vice Minister Leticia Morales told a parliament commission on Tuesday that export

HAVANA: Cash-starved Cuba fell short of its export and import plans through June of this year amidst grave shortages linked to its dependence on food, fuel and inputs for agriculture and manufacture from abroad.

The report by the official Prensa Latina News Agency would be no surprise to residents who have seen no let-up to shortages of food, medicine, fuel and other goods since 2020 and braved triple-digit inflation, leading to protests and record emigration. By comparison, in 2019 the Communist-run country reported exports of US$12.6 billion and imports of US$11 billion.

 

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