Cuban Economy and Remittances

The Cuban economy is heavily reliant on remittances from the United States, with many families depending on this financial support to survive. The current political climate, particularly decisions made by the U.S. government regarding immigration and policies affecting Cubans abroad, poses significant concerns for the population. Many Cubans fear potential deportations that could affect tens of thousands, substantially impacting their financial situations and the overall economy. The exchange rate disparities between the U.S. dollar and the Cuban peso have led to a system where supermarkets and gas stations often conduct transactions in dollars, further emphasizing this reliance on foreign remittances.