Economy & Business - January 2026

CUBA: New devaluation fails to convince the markets

CENTRAL AMERICA & CARIBBEAN by Abbi Dicker 23 January 2026 Modified: 26 January 2026 1366 views

On 18 December the Cuban government devalued the peso by creating a third exchange rate, which, along with the increasing dollarisation of the economy, it described as a temporary stabilising measure. Yet many economists remain unconvinced.

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