Cuba limits cash transactions and ATM access

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The Central Bank of Cuba (BCC) imposed new payments regulations on public- and private-sector enterprises, including a cap on cash transactions and restrictions on ATM access.

The measure appears to have generated fears among Cubans of economic disruption and the abolition of cash use.

Regulations published on August 2 place “a ceiling of 5,000 Cuban pesos for cash payments and charges deriving from a contractual relation between the subjects of this resolution”. The regulations also apply to

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