Although it has been necessary for a long time to undertake monetary unification and devalue the exchange rate seeking greater transparency in national accounts and better measurement of economic results, it cannot be lost sight of that none Whatsapp Mobile Number List of these measures will constitute the definitive solution to the problems facing the country. Structural and institutional changes are needed to accompany the ordering, since the origin of the distortions is found in the productive sphere. Some potential risks will be discussed below.
The devaluation of the exchange rate will have a different impact on the business system. There will be benefited companies and others harmed. Those that export will achieve higher profits; those that allocate their productions to the market in Cuban Whatsapp Mobile Number List pesos and have a high imported component in their production will suffer a considerable increase in their costs, to which is added that the entire business system will assume higher salary costs given that the devaluation is accompanied by a salary reform.
There will be state companies that will have to be subsidized by the State while they achieve the adjustment, for which a term of one year has been set. Undoubtedly, after this period of time, some will still need subsidies. According to the Minister of Whatsapp Mobile Number List Finance and Prices, Meisi Bolaños, in the 2021 budget «there is a reserve of 18,000 million pesos to support companies that do not manage to cover their total expenses with their income (increase in wages and effects of devaluation and increase in costs) with their income. The cases will be analyzed promptly by a committee chaired by the Ministry of Economy.