Currency and Foreign Exchange Duality: its Effect in the Necessary Working Capital of a Fishing Business

Authors

  • Frank Rafael Quesada Espinosa , Facultad de Ciencias Empresariales, Universidad de Sancti Spíritus José Martí Pérez, Cuba
  • Lissette Puentes Vasconcellos , Facultad de Ciencias Empresariales, Universidad de Sancti Spíritus José Martí Pérez, Cuba
  • Roxana Pulido Martínez , ¹ Facultad de Ciencias Empresariales, Universidad de Sancti Spíritus José Martí Pérez, Cuba

Keywords:

Duality currency, duality exchange rate, monetization, fiscal deficit, necessary working capital

Abstract

It was shown the effect of currency duality elimination and the devaluation of the exchange rate when calculating the necessary working capital in PESCASPIR fishing business, located in Sancti Spíritus, Cuba. It was assessed the necessary working capital taking into account Resolution 19/ 2014 of the Ministry of Finance and Prices with several exchange rates and the reformer index of wholesale prices budgeted for the Ministry above mentioned. It proved that currency unification and devaluation of CUP currency will entail an increase of the necessary working capital in the fishing business.

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Published

2015-10-30

Issue

Vol. 9 No. 1 (2015)

Section

Artículos Originales

How to Cite

Currency and Foreign Exchange Duality: its Effect in the Necessary Working Capital of a Fishing Business. (2015). Management Challenges, 9(1). https://retos.reduc.edu.cu/index.php/retos/article/view/150

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