Tarea Ordenamiento
E1001721
Tarea Ordenamiento was a major Cuban economic reform program that eliminated the dual-currency system, devalued the peso, and overhauled wages, prices, and subsidies starting in 2021.
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf |
Cuban government policy
ⓘ
economic reform program ⓘ |
| affects |
household incomes in Cuba
ⓘ
price structure in Cuba ⓘ state enterprises in Cuba ⓘ |
| aimedAt |
improving transparency of prices and wages
ⓘ
increasing efficiency of Cuban economy ⓘ |
| alsoKnownAs | Ordenamiento Monetario ⓘ |
| announcedBy |
Marino Murillo Jorge
NERFINISHED
ⓘ
Miguel Díaz-Canel NERFINISHED ⓘ |
| component |
currency unification
ⓘ
exchange rate reform ⓘ price reform ⓘ subsidy reform ⓘ wage reform ⓘ |
| country | Cuba ⓘ |
| currencyEliminated | CUC NERFINISHED ⓘ |
| currencyRetained | CUP ⓘ |
| designedDuring | Raúl Castro presidency ⓘ |
| exchangeRatePolicy | official devaluation of CUP against foreign currencies ⓘ |
| hasConsequence |
higher consumer prices in Cuba
ⓘ
higher nominal wages in Cuba ⓘ reduction of some state subsidies ⓘ |
| implementedBy | Government of Cuba NERFINISHED ⓘ |
| implementedDuring | Miguel Díaz-Canel presidency NERFINISHED ⓘ |
| languageOfName | Spanish ⓘ |
| mainGoal |
eliminate dual-currency system in Cuba
ⓘ
unify Cuban monetary and exchange rate system ⓘ |
| policyArea |
fiscal policy
ⓘ
macroeconomic stabilization ⓘ monetary policy ⓘ |
| policyChange |
devaluation of the Cuban peso (CUP)
ⓘ
elimination of the CUC (Cuban convertible peso) ⓘ increase of targeted social assistance ⓘ overhaul of prices ⓘ overhaul of wages ⓘ reduction of generalized subsidies ⓘ |
| region | Cuba NERFINISHED ⓘ |
| scope | nationwide reform in Cuba ⓘ |
| startDate | 2021-01-01 ⓘ |
| startYear | 2021 ⓘ |
| subjectOf |
criticism from Cuban population affected by price increases
ⓘ
debate about inflation in Cuba ⓘ |
| timePeriod | 2020s ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Cuban convertible peso