Diane Monaco wrote:
> There are three -- actually four if you include the > euro that is now > accepted at a few tourist locations in Havana -- > currencies used in Cuba: > the Cuban peso, the convertible peso (equivalent to > the dollar), and > dollars. All three of these currencies circulate > freely in Cuba.
How far Cuba can be regarded as an independent and socialist nation-state, if there is extensive dollarisation of Cuban economy?
I'm not sure what "independent" really means, but Cuba is communist/socialist in the mechanisms it uses to attempt to ensure that the means of producing goods and services are owned by the community as a whole, and that all citizens enjoy social/economic equality. Dollarization is a mechanism that Cuba is forced to use to circumvent the US embargo against Cuba on all trade including basic necessities to facilitate the acquisition the goods and services in sufficient amounts for all its citizens.
Diane
