Invalid Amount

Looks like you have entered an invalid amount. We will need this to compare your money transfer.

Cemetery bearing Fidel Castro's ashes opens to public.

Cemetery bearing Fidel Castro's ashes

Fidel Castro’s ashes were interred in a private ceremony on Sunday morning, ending nine days of mourning for the man who ruled Cuba for nearly half a century.

Castro, who ruled the island for 49 years, asked that no monuments or statues be erected in his honor, and that no streets, parks, plazas or institutions be renamed after him. President Raúl Castro, 85, said he would pass legislation honoring the wishes of his older brother, who passed on power to Raúl after falling ill in 2006.
Since Raúl came to power he made economical development as central to the survival of Cuban Communist Party, or CCP, rule. Economic reform was never defined as a step toward capitalist market driven liberal democracy but destined to provide a material framework for what was vaguely described as a “prosperous and sustainable socialism".

For example Cuba currently operates two currencies: the peso (CUP), which largely circulates in the domestic economy, and the so-called convertible peso (CUC). Residents and tourists can purchase CUCs at government exchange offices at a rate of one for 25 CUP ($0.04). State and foreign companies must exchange CUCs at the official one-to-one rate. Neither currency is convertible outside the island.

“It is my understanding that the CUC will be removed from circulation ,” says a Cuban economist with knowledge of reform efforts.

Post your Comment