Marrero announces first private currency exchange and first joint venture between a micro, small, or medium-sized enterprise and a foreign company

Cuban Prime Minister Manuel Marrero announced that the country has finalized preparations to establish its first private currency exchange house. In addition, Cuba has formed its first mixed enterprise resulting from a partnership between a micro, small, or medium-sized enterprise (mipyme) and a foreign company.

The announcement highlights significant developments in Cuba's economic landscape, marking the introduction of private currency exchange operations and new forms of foreign collaboration involving the small and medium-sized business sector.

Further details regarding the operational timeline, locations, or the specific foreign company involved in the mixed enterprise were not detailed in the announcement.