RIO DE JANEIRO, BRAZIL - (Reuters) Cuba must devalue and deregulate further after taking initial steps this year to restructure its ailing state-run economy and presumably pay off long overdue debt, according to western creditors, business partners and analysts.
Cuba devalued the peso this month from its decades-old official rate of par with the greenback to 24 pesos to the dollar. A dollar substitute called the convertible peso, fixed at the latter rate, was scrapped, as were . . .