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Cuba plans big changes for its money system

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Cuba plans a big change for its economy. The government has 170 new rules. People can soon own their own firms. Private banks are now allowed. People can sell houses now. Before, the state owned all shops.

The government wants to stop the big crisis. The country needs electricity. The country needs gas and food. President Miguel Díaz-Canel says: We must act now. Raóul Castro likes this plan too. These reforms shall make the socialism better.

The USA puts pressure on Cuba. They have many punishments against Cuba. Donald Trump wants changes in Cuba. Prime Minister Manuel Marrero says: The market helps to share goods. The National-Assembly must say yes to the rules.

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Definitions

Reforms
Reforms are changes to make a system better.
Socialism
A way to run a country. The state controls the economy for the people.
National-Assembly
This is a group of people who make the laws.

People

Miguel Díaz-Canel
He is the current leader of Cuba.
Manuel Marrero
He is the leader of the government in Cuba.
Raóul Castro
He was the leader of Cuba in the past.
Donald Trump
He is the president of the USA.

Locations

Cuba
Cuba is an island in the ocean.
USA
The USA is a big country in North America.

Sources

Logo Al Jazeera
Al Jazeera

Cuba’s Communist Party approves opening economy in unprecedented move

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Logo ORF
ORF

Kuba kündigt weitreichende Privatisierungen an

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Logo Stern
Stern

Kubanische Regierung stellt mehr als 170 marktwirtschaftliche Reformen vor

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Logo SRF
SRF

Kurswechsel in Havanna - Kuba legt 176-Punkte-Plan zur Öffnung der Wirtschaft vor

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