CUBANET ... CUBANEWS

October 29, 2001



FROM CUBA

The economic crisis deepens in Cuba

HAVANA, October 26 (Regina del Sol and Alejandro Hernández, AIDH/CubaNet) - Since the September 11 attacks in the United States, the shortage of goods in dollar stores, the drop in value of the peso, the closing of hotels and layoffs in the tourism sector are unmistakable signs of the worsening of the economic situation in Cuba.

The tourism ministry says 10% of Cuba's hotels are now closed and that the occupancy rate in those still open is very low, although an uppick in tourists is expected in December. Laid off workers have been sent home with 60% of their salaries - and no tips in dollars.

Since September 11, the value of the peso has dropped from 20 to 26 to the dollar and some specialists are predicting it will go to 30 pesos next month.

Products like rice and tomato sauce have started to become scarce in stores that quote prices in dollars, especially in Ciego de Avila, according to a source in that city.

Here in the capital we can point to the absence of toothpaste in the San Lázaro e Infanta, Maisí and Mercado de 70 stores, the latter being one frequented by foreign diplomats. Toothpaste could only be found in the Commercial Center at 5th and 42nd street, even then only in small quantities.

Versión original en español



Related stories

Economic Planner: Cuba Not in Crisis / Yahoo!

CubaNet does not require sole rights from its contributors. We authorize the reproduction and distribution of this article as long as the source is credited.

[ BACK TO THE NEWS ]

Cuban independent press mailing list

La Tienda - Books, posters, t-shirts, caps

In Association with Amazon.com

Search:


SEARCH NEWS

Advance Search


SECCIONES

NOTICIAS
Prensa Independiente
Prensa Internacional
Prensa Gubernamental

OTHER LANGUAGES
Spanish
German
French

INDEPENDIENTES
Cooperativas Agrícolas
Movimiento Sindical
Bibliotecas
MCL

DEL LECTOR
Letters
Cartas
Debate
Opinión

BUSQUEDAS
News Archive
News Search
Documents
Links

CULTURA
Painters
Photos of Cuba
Cigar Labels

CUBANET
Semanario
About Us
Informe 1998
E-Mail


CubaNet News, Inc.
145 Madeira Ave,
Suite 207
Coral Gables, FL 33134
(305) 774-1887