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Cuba eases restrictions on state companies

Published:Friday | March 27, 2009 | 1:03 PM

Cuban president Raul Castro has eased restrictions on how state companies spend foreign currency.



The move is being seen as a first sign that a recent cabinet shake-up heralds changes in the running of the economy on the island.



The government\'s said to have ended a regulation requiring the Central Bank to approve all state company expenditures of more than $10,000.



Analysts say the move will mean less bureaucracy and central control.