Articles of Bank

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Cuba temporarily suspends cash bank deposits in U.S. dollars

mesa redonda

As a result of measures associated with the asphyxiating U.S. blockade of our country, the Central Bank of Cuba announced the temporary suspension of cash deposits of U.S. dollars in Cuban banks, as of June 21, 2021. “This is a measure meant to protect the Cuban banking and financial system, which applies only to U.S. currency in cash, not existing accounts in this currency. Deposits of U.S. dollars in accounts held by individuals and legal entities are not affected by this measure in any way,” the Central Bank announcement states.

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Non-state sector: Banco Metropolitano reports on facilities to open accounts in MLC

Banco

Banco Metropolitano reported today on the offer of a service to open current accounts in freely convertible currency (MLC) for non-state forms of management. Through a press release, the institution explained about the implementation of the necessary mechanisms to guarantee the process of opening current accounts in MLC for Cuban natural and legal persons who carry out foreign trade activity.

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The Asian bank competing with the IMF

Asian Bank

The emergence of the Asia-Pacific region as an operational center of the world economy is no secret. China’s strength among global powers, the solidity demonstrated by Japan and South Korea for years, and the rapid development of several emerging nations, make the easternmost continent the region of the future, where the largest movements of international capital are seen.