Cuba: Commercialisation, Currency Unification & A New US Administration

11th February 2021

Cuba is facing a pivotal moment for its economy and history. 

The country is undergoing deep economic reform. Efforts to promote commercial development are underway as business management is being decentralised, subsidies decreased and markets liberalised.

After over a decade of planned currency reform, the unification of the Peso Cubano and the Convertible Peso came into effect on 1 January 2021, with important implications for the country’s economy, trade partners and investors.

And now, following four years of fraught relations with the United States, the advent of the Biden Administration is raising hopes that normalised relations with the US will provide much needed relief to the country.

The event was chaired by: 
RH Lord David Triesman, Director of Salamanca Group and Chairman of the Cuba Initiative

Our Panellists included: 
Hermenegildo Altozano, Partner, Bird & Bird
Robert Muse, Lawyer Specialising in US-Cuba Trade
Emily Morris, Research Fellow, UCL Institute of the Americas

Special Thanks to our Sponsor: Bird & Bird

Bird & Bird is an international law firm with a focus on helping organisations being changed by technology and the digital world. With over 1,300 lawyers in 29 offices across Europe, the Middle East, Asia-Pacific and North America, we’re ready to help you wherever you are in the world. 

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