Cuban Currency Crisis: Economist Critiques New High-Denomination Bills - CubaHeadlines
Cuban Currency Crisis: Economist Critiques New High-Denomination Bills - CubaHeadlines
Source: CubaHeadlines
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DW NOTE
Cuba prints bigger bills because the peso has collapsed, not because the economy is growing. When an economist's main critique of new denominations is that they don't fix the underlying inflation, that's not analysis — it's stating the obvious. The real story is that Havana now needs high-denomination notes at all, which means price controls, dual exchange rates, and Russian fuel subsidies have all failed to hold the line.