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Sunday, November 29, 2020
Wednesday, October 28, 2020

Local economists and accountants analyze impacts of Order Task



Camagüey, Oct 28.- The Order Task, referring to the monetary and exchange unification, which will lead to other transformations of the Cuban economy, is in a higher phase, with clear definitions of what its components are, and conditions are created in all the areas in which the main impacts will occur. 

This was stated in a conference by the Master of Science Esteban Negrín Barroso, assistant professor at the Faculty of Economics of the University of Camagüey, adding that for this process the multiple interrelationships of the economy are taken into account, and people are trained involved.

The presentation was developed as part of a cycle on current issues carried out by the local branch of the National Association of Economists and Accountants of Cuba (ANEC), in greeting to November 26, the Day of those professionals, and with the aim of achieve a necessary culture to understand the changes that are materializing in the country.

The referred process, said Negrín Barroso, is interdisciplinary and transversal, unlocks an important part of economic and financial issues, although it is not the solution to all problems; and leads to the elevation of labor productivity.

In addition, it favors the most efficient performance of the productive forces, and guarantees in the banks the deposits of the population and legal entities, as well as cash in Cuban pesos, Cuban convertible pesos, and freely convertible currency.

Coupled with this, and as the leadership of the nation has explained, a reform of prices, wages and pensions will be carried out; undue subsidies will be partially abolished; the supply book will remain valid in a first stage; and it is confirmed that there will be no shock therapy, that no one will be left helpless, and that the fundamental achievements of the Revolution will be preserved.

Such ideas were shared by the president of the Scientific Society of Economic Thought and Political Economy of the ANEC in Camagüey, before an audience made up of these professionals and journalists, adding that the monetary and exchange unification means that the national currency gradually recovers its monetary functions and become the center of gravity of the country's monetary and financial system.

In addition to the conference on Tuesday, last Monday one related to the tax system was given, and for the rest of the week others related to the cost system, business success, and the socialist state enterprise in social local development are planned. (Juan Mendoza Medina / Radio Cadena Agramonte) (Photo: File)