Cuba protests: The economic woes driving discontent
3 years, 5 months ago

Cuba protests: The economic woes driving discontent

Al Jazeera  

Soaring global food prices and the island’s devalued currency — coupled with longtime shortages of basic goods and the decades-long United States embargo — helped spark the recent demonstrations. Since 1960, the US — Cuba’s neighbour 145km to the north and once major trading partner — has maintained a trade embargo against the island in an effort to force its communist leaders from power. And a shortage of foreign currency and the US embargo have also hit Cuban sugar production hard, with the state’s sugar monopoly reporting that this year’s harvest stood at just 68 percent of the country’s planned 1.2 million tonnes, the lowest level since 1908, Reuters news agency reported. Faced with a cash crunch, the Cuban government reallowed “dollar stores” last year that let people buy goods like food, toiletries and electronics with bank cards loaded with US dollars or other foreign currency.

History of this topic

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