Cuba Forex brokers

Cuba's economy is based on socialist principles, centered around a largely state-run planned system. Although the private sector is expanding, government control over production and jobs remains prominent. The recent years have seen a shift towards market socialism, yet average wages continue to be modest. Cuba's primary exports encompass sugar, nickel, and tobacco, along with some reliance on remittances and tourism. Despite its strict regulations, Cuba continues to attract tourists as a favored destination. The Cuban government exerts stringent oversight over all economic aspects, including the financial sector, making foreign currency exchange challenging. Due to the absence of local financial market regulators, trusted Forex brokers in Cuba are overseas entities subject to foreign regulation.