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Cuban banks no longer accepting US dollars


The Cuban government said the move is “temporary”. Just how temporary remains to be seen.
“In view of the obstacles that the US embargo creates for the national bank system to deposit abroad the US dollars that are collected in the country, a decision was made to temporarily suspend deposits in US banknotes in Cuba’s bank and financial system,” said the Banco Central de Cuba.
Suspending cash deposits in US dollars is seen by the Cuban government to be necessary in order to protect the local financial system.
Cuban and foreign bank account holders in Cuba have until June 21 to deposit dollars in their accounts. ....

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