Latin America

Changes are coming to Cuba thick and fast. But not without conflict

The planned reopening of the country will bring in badly needed tourism, but tussles with the U.S. over its Cuba policy and domestic protests lie ahead

cuba tourism
Banner featuring President Miguel Díaz-Canel in Holguin, Cuba. Photo: Osorio Glezrgr/Shutterstock

In September, the Caribbean island authorized small and medium enterprises to operate in the country, following decades of strict prohibition since the full nationalization of the economy in 1968. It is also readying its crucial tourism sector for the reopening of borders on November 15.

The new business opportunities come after one of the worst economic crises in the nation’s history, in response to which it unified its dual exchange rates on the first day of the year, effectively devaluing the currency. Nascent local entrepreneurs want to take full advantage of the opportunities, but they claim that U.S. foreign...

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