Cuba banks stopped receipt of US dollars

Cuba banks stopped receipt of US dollars
Hanna: The Cuba’s central bank has directed all the banks to accept in the form of cash funds in the US dollar, the Cuban government has taken this move to deal with US trade sanctions.

According to details, Cuba’s banking system has stopped accepting cash in US dollar to submit from Monday. The government announces these steps 10 days ago, this island has been dealt with the effects of new impacts as part of the long-term US trade ban on this island.

The central bank of Cuba said in a statement that this move was necessary that more than a year ago Cuba banks were prevented from depositing US dollars in international banks.

The bank has said that through this arrangement, the proceedings of conversion in Cuba, or the currencies of the currencies are not banned by the cashpage processes and it is applicable to only US $ (in cash).

The bank further added that when this move will continue, it depends on these restrictions, which prevents the usual process of export transactions in the US dollar.

On this commercial ban on the year 1962, Donald was brought to the former American administration of Donald Trump, which had imposed more than 240 sanctions and barriers including suspension in Cuba.