Cuba central bank official says cash shortage is ‘critical situation’

cuba map 163113484

A senior official at Cuba’s central bank admitted on August 14 that cash shortages have created “a critical situation”. The statement followed the imposition of new limits on cash use earlier this month.

Deputy governor Alberto Quiñones Betancourt said Cuban banks lack enough cash “to cover all the demand from the population and economic actors”, according to a central bank press release.

Appearing on state television, Quiñones denied that a recent drive to channel payments through the formal

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.