The Cuban government again authorized, starting this Monday, dollar cash deposits that had been suspended in 2021 by a resolution of the Central Bank of Cuba (BCC).

The resolution of the Central Bank (BCC) published on Monday in the Official Gazette, indicated: “As of this moment, financial and banking institutions will accept cash deposits of US dollars in bank accounts.”

The measure has been taken in view of the serious inconveniences of Cuba to deposit in international banks the dollars that are obtained in national territory. This, as a result of the blockade imposed.

On the other hand, the repeal of the order issued in 2021 by the BCC is expected to provide support for the economic strengthening of Cuba and a boost to tourism, which has experienced a slight recovery.

M.Pine

Source: eluniversal

(Reference image source: Alexander Grey, Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Cuba authorizes dollar deposits in cash apareció primero en Bitfinance.