Now, to get more Cubans to call outside, Etecsa has cut rates charged to residential customers for international phone calls to one dollar per minute. This experimental rate is in effect until December 15. Reuters coverage here (Spanish), AP’s here.
Like the lower hotel rates for Cubans and the lower prices in hard currency stores, these moves by Etecsa will serve to soak up hard currency liquidity among Cubans. That helps state enterprises, and benefits Cuban consumers too. Let’s hope the idea continues to catch on.