Cuba gives green light to buying, selling cars

By REUTERS
September 29, 2011 04:46

 
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HAVANA - For the first time since the 1959 revolution, Cubans will have the right to buy and sell cars in a much-anticipated reform under President Raul Castro, another step toward greater economic freedom on the communist-led island.

An official government decree published on Wednesday said Cubans and foreign residents would now be able to do with their cars what they wanted "without any prior authorization from any entity."

The regulations, which take effect on Saturday, are not without limits, but they were welcomed by Cubans, most of whom have not been able to own cars for more than five decades.

"It's great because it was something forbidden and prices were really high - and if you had a car you weren't able to do anything with it," said office worker Silvia Santos.

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