Addressing the Cuban Parliament, Politburo member Marino Murrillo stated the government will take actions to contain the impending inflation resulting from the implementation of the Ordering task in the country from January 1, 2021

Officials from China and Cuba strengthened relations today after a memorandum of understanding was signed to design joint cooperation plans and projects, in order to expand tourist flows to the Caribbean nation.

The Ordering Task demands more responsibility from the business sector to go out in search of efficiency, because for that it will also have opportunities that it must know how to take advantage of, said Marino Murillo Jorge, member of the Political Bureau and head of the Implementation and Development of the Guidelines Commission.

Law 113 on the Tax System, which entered into force in 2013, established, through its Article 28, that Cuban and foreign individuals with permanent residence in the national territory, for the income they receive from individual work contracts abroad, shall pay over the total of the same four percent (4%), without considering any deduction, except for the payments of the commissions they have made to Cuban entities through which they were hired.

Manuel Marrero Cruz, Prime Minister of Cuba, said all Cubans must defend prices to be fair and not to skyrocket after the implementation of the Ordering Task, when he addressed the Agro-Food and Services Commissions of the National Assembly of the People's Power (Parliament).

Cuban minister of foreign trade and foreign investment, Rodrigo Malmierca, highlighted today on Twitter the importance of attracting foreign capital, a field that in 2020 has been kept up despite the tightening of the U.S. economic, commercial and financial blockade.

Marta Sabina Wilson, minister-president of the Central Bank of Cuba (BBC), said that by establishing the 1x24 exchange rate even though people can buy foreign currency for Cuban pesos, now banks do not have availability of freely convertible currencies and, therefore, there will not be free access to them.

Sunwing, a Canadian airline, resumed operations to Cuba on Sunday at the Juan Gualberto Gómez International Airport in Varadero, with two flights from Toronto and Montreal, a frequency that will be maintained weekly during the current winter season.

Cuba will maintain, through the corresponding Ministries, centralized retail prices on products and services that impact directly on the life of the people, said Minister of Finance and Prices Meisi Bolaños Weiss.

Marino Murillo Jorge, head of the Commission for the Implementation and Development of the Guidelines, ratified this Friday the idea that with the monetary order no one will be left helpless in Cuba, hence the design of a policy on prices, salaries, pensions and social assistance in line with that goal.

Ana Teresita González, First Deputy Minister of Foreign Trade and Foreign Investment, received on Friday Heidrun Tempel, German Ambassador to Cuba, with whom she exchanged views on bilateral relations between the two governments.

The convertible peso will no longer circulate 180 days after the beginning of the monetary and exchange rate unification on January 1, 2021, so that after that period the Cuban peso -monetary unit of the Republic of Cuba- will be the legal currency in the whole national territory, with unlimited liberating power and obtained at its nominal value.

With several products incorporated to the export and national consumption, the emblematic canned plant La Conchita, in Pinar del Rio(western Cuba), obtained this year 132, 000 pesos in freely convertible currency (MLC) and works in the recovery of lines of great acceptance elaborated there years ago and that for some reason stopped being processed.

In accordance with the new economic context of the country as of January 1, 2021, when the monetary order came into force, the Ministry of Finance and Prices modified the salary scale of the country, fixing the minimum salary at 2,100 Cuban pesos (some 87 USD considering the set exchange rate of 24 pesos for one USD).