Cuba: More than 10 establishments opened their doors on the Island today to sell goods in foreign currency, as part of the authorities' strategy to collect that money and contribute to the socio-economic development of the country, Cubasí reports.

According to official sources, 12 stores are located in Havana and another in the eastern city of Santiago de Cuba, although the plan is to reach 77 in the coming weeks.

The stores will sale at cheaper prices, from large format televisions, high-end refrigerators and automatic washing machines to electric motorcycles and car components.

To purchase these products, the persons interested will have to open accounts denominated in US dollars, associated with magnetic cards, although it is also possible to make deposits in euros, pounds, Canadian dollars, Swiss francs, Mexican pesos, Danish, Norwegian or Swedish crowns and Japanese yen.

The initiative is part of a group of measures announced last month by Cuban Vice President Salvador Valdés to boost trade and prevent capital flight.

He pointed out that the objective is to order the importation of merchandise for non-commercial purposes, which many Cubans acquire abroad and then sell in the country.

They will also allow natural persons to import certain products through state-owned companies. These actions seek to boost the national economy, which faces various challenges.

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