From Monday, June 21, it will not be possible to pay in US dollars in Cuba.
Kyiv. Ukraine. Ukraine Gate – June 18, 2021 – International News
The Cuban central bank’s decision to temporarily stop accepting US dollar cash deposits from its banks will make people’s lives more expensive, as they will have to convert the dollar into other currencies, losing interest in foreign currency and taking into account transaction fees.
Last week, the monetary authorities announced that they would temporarily stop accepting cash deposits in dollars, saying that the tightening of US sanctions makes it difficult to use the currency abroad. The bank gives Cubans until June 20 to deposit US dollars into their accounts, and the measures take effect the next day. The bank did not say how long the suspension would last.
“We do not punish the use of dollars in our economy; we are only temporarily limiting cash deposits because it is very difficult for us to use these dollars abroad, ”said Francisco Meibre Lance, First Vice President of the Central Bank of Cuba. He also said that because of the sanctions, Cuba must spend money on a commission for foreign transactions to convert its cash dollars into other currencies for use in international markets.
Brent oil futures for delivery in August on Thursday morning during trading fell to $ 74.16 per barrel.
Read Also: A Bus Crash in Cuba Kills 10 People!
Source: Ukrgate
