Wall Street

Cuba to allow foreigners to invest in private businesses, will restart dollar exchanges

Published by
Miami Herald

Facing a humanitarian crisis that threatens to set off new protests on the island, the Cuban government is taking the unprecedented step of authorizing foreign investment in its emerging private sector and will resume an official exchange market for the dollar, among 75 measures authorities said Thursday are meant to boost the country’s economic recovery. Authorities will also cut custom fees and lift restrictions on some goods travelers can bring to the island, Economy Minister and Vice President Alejandro Gil said in a National Assembly meeting on Thursday. The shutdown of tourism and offici…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street