Cuba updates foreign currency rules to let private businesses deposit and pay abroad
First published Sun, Sep 13
Cuba has updated the rules governing the management, control and allocation of foreign currency, published in Gaceta Oficial number 76. The new norms also cover the opening of bank accounts, according to state and wire outlets.12345678
The regulations authorize private companies to deposit foreign currency and pay for imports abroad, a change that opens new opportunities for private businesses. State media and opposition outlets both report the measure.12345678
Economy Minister Marrero clarified the limits of the opening to private actors, saying it does not mean the state is giving up its role. Opposition outlet CiberCuba highlighted his statement that the opening does not mean the state will step back.5123
