Central Bank of Cuba Announces Measures to Alleviate Cash Shortages
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Cuba's central bank announced a package of measures on Friday to ease the island's chronic cash shortage, facilitate pension payments and encourage the use of digital payment channels, amid one of the deepest economic crises in the country's history.
The system of payments in Cuba will begin a profound transformation, announced this Friday in a press conference by the minister president of the Central Bank of Cuba (BCC), Juana Lilia Delgado Portal, along with directors of the main financial institutions of the country. The central measure is the elimination of the rigid limit of 5 000 CUP for [...]
Central Bank of Cuba Announces New Measures to Transform Payments in the Country - Radio Habana Cuba
The payment system in Cuba will begin a profound transformation, announced this Friday in a press conference by the minister president of the Central Bank of Cuba (BCC), Juana Lilia Delgado Portal, together with directors of the main financial institutions of the country. The central measure is the elimination of the rigid limit of 5,000 CUP for cash transactions, replacing it with a negotiated flexibility scheme, in a context of acute liquidity…
It also noted that State and private companies would be allowed to voluntarily pay cash pensions to retirees in their environment, through agreements with banks.
On a group of measures and actions designed to strengthen and modernize the banking system under the current conditions, authorities of the Central Bank of Cuba (BCC) reported today.
A set of measures aimed at alleviating the lack of cash, promoting the use of digital channels and protecting the most vulnerable sectors was announced this Friday in a press conference by Juana Lilia Delgado Portal, Minister-President of the Central Bank of Cuba (BCC)
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