Printer Friendly

10,738 signatures for monetary reform.

A group of dissident women handed in a petition signed by 10,738 people demanding an end to Cuba's dual currency system, which they said caused poverty and inequality, reports Reuters (Nov. 22, 2007):

Seven women took the petition to the National Assembly, which is obliged by Cuba's constitution to consider any legislative proposals requested by more than 10,000 citizens. In Cuba, people are paid in pesos but need a harder currency called the convertible peso--worth 24 times more--to buy most consumer goods. "We demand for all the nation that the Cuban peso be an acceptable means of payment in every establishment without exception," the petition said;

The signatures were gathered by members of the Latin American Federation of Rural Women, which receives support from Cuban exile organizations in Miami. Cuba introduced the convertible currency in 1994 when Cubans started receiving remittances from relatives in Florida to help them weather an economic crisis triggered by the break-up of Havana's benefactor, the Soviet Union. Cuban leader Fidel Castro said the measure was temporary and the government's goal is to eventually unify the two currencies when economic expansion permits. The government does not acknowledge the existence of dissidents and labels all opponents as "mercenaries" on the payroll of the United States.
COPYRIGHT 2008 Caribbean Update, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:CUBA
Publication:Caribbean Update
Article Type:Brief article
Geographic Code:5CUBA
Date:Jan 1, 2008
Words:210
Previous Article:Castro may return.
Next Article:Govt. employment claim challenged.
Topics:


Related Articles
Carter-Castro courtship: when the former peanut farmer and president recently visited Castro's island prison, he dutifully lent credibility to the...
CUBA: SPEECH BY FIDEL CASTRO ON CONSTITUTIONAL CHANGE CAUSES MOMENTARY FEAR OF MASS EXODUS TO FLORIDA.
CUBA DE-DOLLARIZES.
Sending the right signals: using rent-seeking theory to analyze the Cuban Central Bank.
Reader: article on elderly Cubans is biased.
Cuba withdraws welcome for U.S. fugitives.
In their own words ...

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters