Castro lifts curbs on the dollar
Wednesday 28 July 1993
In a speech late on Monday night to mark the 40th anniversary of his 1953 guerrilla attack on Cuba's Moncada barracks, the prelude to the 1959 revolution, Mr Castro, 67 next month, proposed scrapping a ban on Cubans holding hard currency in cash or bank accounts. He said restrictions would be eased on Cubans abroad, mostly in the United States, who want to visit their families back home and that the Cuban economy would be opened to more foreign investment.
Even the nature of his two-hour speech, to only 3,000 people in a theatre in the eastern city of Santiago instead of the traditional mass rally in Havana, reflected his proposed belt- tightening.
Mr Castro left Cubans in no doubt as to the gravity of the economic crisis and the need for hard currency to buy petrol, medicine and food. 'When will we be able to do away with rationing?' he asked rhetorically. 'Perhaps your grandchildren or great-grandchildren will see the day.'
He said a disastrous sugar harvest had added to the crisis caused by the collapse of Cuba's aid from Moscow and warned 'there are no magic solutions'. Mr Castro admitted he was being forced to make concessions, but concluded with his traditional battle- cry: 'Socialism or Death.'
- 1 The difference between a psychopath and a sociopath
- 2 It won’t work, Jeremy: The Health Secretary has lost the confidence of the medical profession in his attempt to reform the NHS
- 3 Uber's real-time nearby cars map is fake, data experts claim
- 4 Kim Jong-un awarded global statesmanship prize by Indonesia
- 5 Dutch King Willem-Alexander declares the end of the welfare state
Nasa discovers yet another rocky exoplanet, and it's only 21 light years away
Labour rallies behind Flint as deputy leader to offset a Corbyn win
Kim Jong-un awarded global statesmanship prize by Indonesia
Dutch King Willem-Alexander declares the end of the welfare state
Calais crisis: Migrants that have made a home in the UK reveal how Britain has matched their expectations
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Labour leadership: New poll shows party is now even 'less electable' than under Ed Miliband
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Calais crisis: The seven claims made about the migrants - and the reality
£17000 per annum: Recruitment Genius: They are a leading company in the field ...
£30000 - £35000 per annum: Recruitment Genius: This is an exciting opportunity...
£26041 - £34876 per annum: Recruitment Genius: There has never been a more exc...
£14000 - £17000 per annum: Recruitment Genius: The fastest growing travel comp...