Cuba Economy

Women ride in the back of a vehicle in Havana, Cuba, Thursday, June 27, 2019. Cuban President Miguel Díaz-Canel says the country's governing council has approved economic measures including a rise in state salaries, long seen as a first step toward ending the country's dual-currency system which is expected to create a chain reaction that includes higher inflation. (AP Photo/Ismael Francisco)

Recently, Cuba’s President Miguel Díaz-Canel said that starting this month, all state-employed workers will receive the first of what will likely be several salary increases. His widely reported announcement responded to shared concern among Cubans that their salaries have become inadequate in relation to the cost of living.

Far more significantly, however, and barely mentioned outside of Cuba, the decision was just one of several potentially far-reaching economic reforms.