News 2 min read
Cuba's Tourism on the Brink of Collapse: Empty Hotels and Total Crisis
The Cuban tourism industry hits historic lows. Energy siege and lack of Canadian and Russian flights leave Old Havana and Varadero empty.
#economic-crisis
7 articles
News 3 min read
Dollar Hits 505 CUP: Cuba's Central Bank Reacts Too Little, Too Late
Cuba's informal dollar hit 505 CUP on Feb. 20. The Central Bank raised its rate to 463 — but the 42-peso gap exposes a deepening currency crisis.
News 3 min read
US Pressure Leads Countries to Cancel Cuban Medical Missions in 2026
Bahamas, Guyana, and Guatemala suspend contracts with Cuban doctors under Washington's pressure. Rubio calls the program forced labor.
History 5 min read
The Special Period: the Crisis That Transformed 1990s Cuba
The history of Cuba's Special Period (1991-2000), the devastating economic crisis after the fall of the USSR that changed the island forever.
News 3 min read
Cuban peso hits historic low of 500 per dollar on informal market
The Cuban peso depreciated to 500 units per dollar, a new historic low amid economic pressure and US sanctions against the island.
News 3 min read
Cuba Loses 40% of Tourists as Canada Suspends All Flights
With all Canadian flights cancelled, Cuba loses 40% of its tourists amid the US oil blockade crisis.
News 3 min read
Dollar Breaks 500 Cuban Peso Barrier in Black Market
The US dollar hit a historic high of 500 Cuban pesos, just two months after the government implemented a floating exchange rate to control the informal market.