Cuba names a prime minister, for first time in over four decades.
Alzugaray underscored that Raul Castro stated in 2006 the Cuban government would be restructured because Fidel Castro could not be substituted by a single person, but rather by everyone.
The new primer minister will be facing an island with economic stagnation and a population that is increasingly looking for a better standard of living. President Donald Trump’s administration has tightened the screws on the embargo. He has cut back on U.S. visits to Cuba by banning cruise ships from docking on the island, ending commercial flights from landing outside Havana, and eliminating unguided educational travel, the most popular form of travel from the U.S. Americans whose properties were confiscated after the 1959 Cuban revolution are now allowed to sue companies profiting from those assets in U.S.
One of the tasks the prime minster will tackle is unifying its dual monetary system that many speculate is slated for 2020. The concept of two currencies, the peso and the convertible peso was created in the 1990s after the collapse of the Soviet Union, which had been subsidizing the country until that point. The idea was to help absorb the shock of the collapse but at the same time, the dual currency distorted the economy and never revealed the real economic situation of the country.
France Dernières Nouvelles, France Actualités
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