Cuba lifting restriction on purchase of cars

2013-12-19 22:13

Havana - Cuba says it's opening its car market by eliminating a special permit that strictly limited the number of people allowed to buy vehicles from the state.

The government has a monopoly on the sale of imported new and used vehicles, and has required any potential buyer to obtain a special card from the Transport Ministry authorising the purchase of a car.

The cards took months or years to obtain, creating a black market in cards in which holders would often sell them for more than the price of the car itself.

In addition, the government slowed the issue of new cards to a trickle in recent months.

Official media said on Thursday that the card was being eliminated in favour of new regulations, which would be made public in coming days.

Read more on:    cuba

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