by: Abigail Herrera
government of Cuba
Cuba is a one-party Communist state; the Cuban Communist party is the only legal political party. The country is governed under the constitution of 1976. The government is led by Fidel Castro who was prime minister from 1959 until the post was abolished in 1976 and became president of the Council of State and president of the Council of Ministers in 1976
the largest import in Cuba
Cuba’s economy is significantly dependants on imports and the Cuban trade deficit stood at 56% of the country’s total trade in 2008. The level of deficit has risen from 46% in 2007 and the situation is expected to have worsened in 2009.
currency and the exchange rate
The major legal currency for Cuba is the Cuban Convertible Peso, cuc It's what you exchange your foreign currency for and make all your purchases with in Cuba. Most tourists will only ever deal with cuc. For international exchange purposes 1.00 Cuban Convertible Peso = $1.00 usd.
related to their economic in Cuba
The Economy in Cuba is a planned economy dominated by state run enterprices. Most industries are owned and operated by the government and most of the labor force is employed by the state. Following the fall of the soviet union the communist party encouraged the formation of cooperatives and self-employment.
Cuba's position in the world has changed dramatically in the years since the Revolution, and its educational system has continually met the needs of its people. Change has been so constant that one might argue paradoxically that Cuba's future emerges as its past. Cuba has a highly literate population and a technologically trained workforce, yet it has limited venues for utilizing the talent of its populace because of its difficult economic circumstances.