By Francisco Acevedo

HAVANA TIMES — After going through the Communist Party economic guidelines (2011), the Reordering Task (2021 economic reforms), and a thousand measures that fix nothing, the Cuban government is now betting on the partial dollarization of the economy—and we can think of it as nothing other than another shot in the dark to buy more time in power.

The new Decree-Law on foreign-currency transactions in the national economy slightly softened the impact of the life sentence handed down to former Economy Minister Alejandro Gil, precisely one of the architects of all these schemes to try to make socialism work using semi-capitalist methods.

On December 11 the Official Gazette published Resolutions 140 (General bases for the system of management, control, and allocation of foreign currency in the national economy), 125 (Rules for the operation of bank accounts denominated in foreign currency), and 126 (Rules for the allocation of access capacity to foreign currency).

Against their will, Cuban authorities have had to introduce the hated dollar into the official vocabulary—according to them, on a temporary basis—among other reasons because of the different exchange rates that exist in the country, precisely because the State has failed to establish an official one.

That became clear when the current Minister of Economy and Planning, Joaquin Alonso Vazquez, said that the strategic objective is to move toward........

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