Cuba suspends dollar cash deposits in banks due to US sanctions ...News

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Cuba suspends dollar cash deposits in banks due to US sanctions
The Cuban government has announced it will temporarily stop accepting cash bank deposits in dollars. It blamed tighter US sanctions that are restricting its ability to use the greenback abroad. The move comes as the government was due to present its annual resolution to end the decades-old US trade embargo on the country at the United Nations General Assembly. Cuban bank account holders will have until June 21 to deposit dollars before the suspension takes effect. “It is ever more difficult for Cuba to find international banking or financing institutions willing to receive, convert or process US currency in cash,” the Cuban Central Ban

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