Skip to Content

Recession hits Cuba's toilet paper supply

More
Text SizeAAA

Filed under: Recession

And I thought the United States had it bad with the recession.

The global economic crisis is hitting Cuba so hard that it is running out of toilet paper and may not get more until the end of the year, according to a Reuters story quoting officials from state-run companies.

Cuba imports toilet paper and produces its own, but doesn't have enough raw materials to make it.

Officials are lowering the prices of 24 basic goods to help citizens get through difficulties from the global financial crisis and three hurricanes that struck the island last year.

Increased spending for imports and reduced export income have depleted the financial reserves of the communist-led government as it tries to keep the economy afloat.

"The corporation has taken all the steps so that at the end of the year there will be an important importation of toilet paper," said an official with state conglomerate Cimex on state-run Radio Rebelde.

It will allow the state-run company to "supply this demand that today is presenting problems," he said.

We don't need to get specific of what those problems are, but I'm betting leaves are becoming a commodity in Havana.
Subscribe to Walletpop

Reader Comments (Page 1 of 1)

What are the Next Hot-Spots in the Luxury Resort Scene?
Luxist Awards asked three of our Expert Panelists, all veterans of the travel industry, about the ...
The Luxist Awards for Best Accessories
Do you know of a magnificent jewelry line with pieces that are to die for? Which is the finest ...

Julie Tilsner
Julie Tilsner Filed under: Recalls

More than 2 million Stork Craft drop-side cribs recalled

More than 2.1 million drop-side cribs are being voluntarily recalled by their manufacturer, Stork Craft Manufacturing, Inc., after four incidents in which infants were trapped and suffocated, ...
Josh Smith
Josh Smith Filed under: Bargains

Deal of a lifetime: Bargain shopper proposes on deal Web site

On Saturday morning an amazing deal popped up on the Dealnews.com Web site -- a free engagement ring. But, like all great deals this one came with a catch, it was only good for Stefanie Setlock of ...
Martha C. White
Martha C. White Filed under: Banks, Banking-savings-account

Low interest rates good for borrowers, bad for savers

Americans are saving more of their earnings than they have in years, and that's a good thing. But unfortunately, we're not being rewarded for it the way we were in flusher years. By now, everyone ...
Kelly Phillips Erb
Kelly Phillips Erb Filed under: Tax, Celebs & Money

"Blade" files appeal in Atlanta

The Wesley Snipes show was back in federal court in Atlanta, Georgia. The actor, however, was noticeably absent as his attorneys did the talking. Snipes, who was sentenced to a maximum three years in ...

Headlines from WalletPop Partners