President Raul Castro Says Solution to Dual Currency cannot be prolonged Autor :Cuban News Agency, ACN / Fotografías de:-Publicado:22/12/2017 03:14:54 PM| 0 Opiniones
Cuban President Raul Castro said on Thursday in Havana that the solution to the dual currency cannot be prolonged any longer and it will change the country.
During the Cuban leader’s closing speech at the 10th ordinary period of sessions of the National Assembly in its 8th Legislature, he said that the elimination of the dual currency will not solve the economic problems, but will constitute a process that will advance the current economic model due to the impact it will have in all spheres of society.
Raul stressed that if this situation is not resolved it will be difficult to advance correctly. He also recognized that much has advanced in general and has overcome the existing problems relating to subsidies, wholesale and retail prices and tariffs, pensions and salaries in the state sector of the economy.
The Cuban Head of State added that no one can calculate the elevated cost for the State in the continued duality of the currency, favoring the unjust inverted pyramid.
He added that not all competent citizens are motivated in working legally due to the persistence of this abnormal situation, which also discourages people to accept leadership positions of the best and most capable workers, many of which migrate to other non-state sector.
Raul pointed out that a two percent GDP is expected for 2018 presupposing the efficient use of the financial and material resources available, increase the earnings from exports and a growth of the national production, in particular the food sector.
The GDP is a positive sign registering a growth of 1.6 percent in the current year, said Raul and added that this result is still not satisfying.
Next year will also be complicated for external finances of the country, he said, while ratified that Cuba will continue with its objective of gradually recovering international credibility in its national economy. Raul assured the creditors the will in complying with the commitments taken on in the different processes of reorganizing the foreign debt.
Raul called in consolidating the still incipient foreign investment in the economy, with superior outcomes this year and pointed out that the island cannot get around the effects of the economic, commercial and financial blockade imposed by the United States against Cuba, recently reinforced by the current administration.
The President of the Council of State and Ministers insisted that Cuba will not renounce to the deployment and development of the different forms of non-state management in the economy and pointed out in the need to enforce for people to respect the law, secure positive results and confront illegalities and violations to the curren
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