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Cuban Central Bank urges stronger peso, fewer subsidies

Associated Press

HAVANA --
Cuba's Central Bank is urging the government to gradually unify the island's two parallel currencies and cut back on ''indiscriminate'' subsidies, according to an internal report obtained by The Associated Press on Friday.

The document, which was distributed to Communist Party members, says a single, strong peso would boost productivity and morale in Cuba. The island now has two separate currencies: one for locals, and one designed principally for foreigners.

Party members were instructed to discuss the bank's recommendations between April and June. ...

http://www.miamiherald.com/news/americas...ory/527876.html

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