Cuba’s minister of economy says the nation will diversity exports and ‘consider cryptocurrency’ to manage U.S. sanctions.
Economic and Planning Minister Alejandro Gil said his department has come up with measures in its National Development Plan 2030 that are broad and “not static, and that can be changed depending the context” when he spoke at the roundtable where President Miguel Diaz-Canel was present.
Gil outlined during the meeting the most important aspects of the plan, which included diversifying and increasing exports while implementing an important substitution model. Gil’s department also stressed state investments in science, food sovereignty and strengthening state-owned companies.
The minister also said the nation was looking into cryptocurrency to create a more sustainable economy less affected by the whims of the U.S. administration under Trump.
“We are considering studying the application of cryptocurrency in national and international commercial relations (…). You have to see how you can incorporate measures of this type that allow us to move forward looking for a solution to the problems,” said Gil during the televised discussion.
The minister said the country should expect to double its production of animal feed. State workers should also expect a salary increase, according to Gil.
Granma reports that the Cuban government is set to concentrate efforts also on tourism, renewable energies, and communication across the island as well as eliminating fuel theft.