TLTP
\nHAVANA
\nCuba has announced that it will eliminate a 10 percent tax on the US dollar (USD).
\n\u201cRemoving penalty on the U.S. dollar will benefit Cubans on the island and abroad alike. This will provide them with more purchasing power,\u201d Cuban Economy Minister Alejandro Gil told state-run TV on Thursday.
\nThe tax, which has been effect since 2004, will be lifted on July 20, to absorb more hard currency in response to the country\u2019s economic crisis caused by the COVID-19 pandemic and the tightened U.S. economic sanctions, Gil said.
\nThe decision will allow citizens to use dollars to buy food, hygiene products and other goods via bank cards from nearly 70 stores.
\nSince last year, Cuba has begun to allow the public to buy with dollars imported goods such as electronics and car parts sold at state-operated stores.<\/p>\n","protected":false},"excerpt":{"rendered":"
TLTP HAVANA Cuba has announced that it will eliminate a 10 percent tax on the US dollar (USD). \u201cRemoving penalty on the U.S. dollar will benefit Cubans on the island and abroad alike. This will provide them with more purchasing power,\u201d Cuban Economy Minister Alejandro Gil told state-run TV on Thursday. The tax, which has […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-133068","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n