However, the new value of the Cuban peso
never reached the accounting and exchange operations of the business sector.
Previously, a citizen could receive only up to 80,000 Cuban pesos
(about $3,300) in subsidies for building a 25-square-meter house, and the money could only be used to pay construction materials and labor.
If government workers who now earn 450 Cuban pesos
a month, or nearly $20 monthly, instead were to earn the equivalent of $45 per month, where will that extra cash come from?
The credit lines are estimated at tens of millions of Cuban pesos
The men were carrying four AK-47 assault rifles, an M-3 rifle, three Makarov pistols, night-vision goggles, US$3,038, and 970 Cuban pesos
Managers at hotels, restaurants and other service facilities will contract directly fresh produce, and also vegetable charcoal from the cooperatives; the currency to be used is Cuban pesos
Cuban prosecutors said the two Miami residents were caught after landing on a Cuban beach with arms and counterfeit Cuban pesos
It also directs provinces to authorize the creation of farmers markets, other retail outlets and vendor routes for food products to be sold in non-convertible Cuban pesos
The government has fixed ticket prices at five Cuban pesos
, equal to 22 cents US.
Items can be bought in euros and dollars, but not in Cuban pesos
Minister of Construction Fidel Figueroa said that to build one km of highway costs 1 million Cuban pesos
, a cost he said could increase due to the skyrocketing price of oil.
A new photovoltaic solar park, which cost four million Cuban pesos
, recently began operating Cantarrana, in Cienfuegos province.