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Between 1965 and 1976, the ministry was abolished and its functions passed to the Central Bank of Cuba. Between 1976 and 1994, these functions were transferred to the State Finance Committee. Finally, in 1994, the State Finance Committee merged with the State Price Committee to form the current Ministry of Finance and Prices.
The Cuban peso (in Spanish peso cubano, ISO 4217 code: CUP) also known as moneda nacional, is the official currency of Cuba.. The Cuban peso historically circulated at par with the Spanish-American silver dollar from the 16th to 19th centuries, and then at par with the U.S. dollar from 1881 to 1959.
The dollarization of Cuba refer to macroeconomic policies implemented with the aim at stabilising the Cuban economy after 1993. They were initially enacted to offset the economic imbalances which was a result of the dissolution of the Soviet Union in 1991. [ 1 ]
The economy of Cuba is a planned economy dominated by state-run enterprises. In the 1990s, the ruling Communist Party of Cuba encouraged the formation of worker co-operatives and self-employment. In the late 2010s, private property and free-market rights along with foreign direct investment were granted by the 2018 Cuban constitution.
Granma is the official newspaper of the Central Committee of the Communist Party of Cuba. It was formed in 1965 by the merger of two previous papers, Revolución (from Spanish: "Revolution") and Hoy ("Today"). [1] Publication of the newspaper began in February 1966. [2]
Panoramic view of Plaza de la Revolución and central Havana – MININT's building is in the left, next to Che Guevara sculpture by Enrique Ávila.. The Ministry of the Interior of the Republic of Cuba (Spanish: Ministerio del Interior de la República de Cuba), also known as MININT, is the Cuban government ministry which oversees the home affairs of Cuba.
After the opening of the island to world trade in 1818, trade agreements began to replace Spanish commercial connections. In 1820 Thomas Jefferson thought Cuba is "the most interesting addition which could ever be made to our system of States" and told Secretary of War John C. Calhoun that the United States "ought, at the first possible opportunity, to take Cuba."
The Embassy of the United States of America in Havana (Spanish: Embajada de los Estados Unidos de América, La Habana) is the United States of America's diplomatic mission in Cuba. On January 3, 1961, U.S. President Dwight D. Eisenhower severed relations following the Cuban Revolution of the 1950s. [ 1 ]