Cuba bars dollar cash deposits

Country struggling with sanctions as inflation spirals

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Cuban banks ceased accepting US dollar cash deposits on June 21. The Central Bank of Cuba, which ordered the measure on June 10, blamed “financial persecution” by the US for the suspension.

In the resolution enacting the policy, the central bank stated that the US “had reignited its economic war against the Cuban people”. US sanctions had “impeded our country’s ability to deposit abroad US dollars collected in the national territory”.

Cuba’s customs agency also stopped accepting US dollar cash

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