Friday, July 1, 2011

Cuba to Buy and Sell

The authorities in Cuba have released more details of their plans to allow people to buy and sell their cars and homes for the first time in 50 years.

The new laws will open up a private property market and enable Cubans to buy any car they can afford.

Private property has been severely restricted on the Communist-run island since the revolution in 1959.

The proposed laws, which still have to be passed by parliament, are part of a shake-up of Cuba's struggling economy.

Communist Party newspaper Granma published details of the plans for the new laws, which it said had been discussed in a recent meeting of top government officials.

Under the proposed laws, which are expected to be passed by parliament by the end of the year, Cubans will be allowed to sell their home for money.

BBC

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