Dollar recovery off! Banks in the most important countries stopped accep...

Dollar recovery off! Banks in the most important countries stopped accepting US currency

Cuba's central bank has instructed all banks not to accept cash in US dollars, a move the Cuban government has taken to deal with US trade sanctions, according to the Cuban banking system Has stopped accepting cash in US dollars.

The government announced the measures 10 days ago as part of a long-running US trade embargo on the island to deal with the effects of new sanctions. The Cuban central bank said in a statement. He said the move was necessary because more than a year ago, Cuban banks were barred from depositing US dollars in international banks.

The bank said the arrangement does not restrict cash transactions in Cuba to exchanges, or freely exchanged currencies, and only applies to US dollars (in cash). He added that the duration of the move would depend on the sanctions, which would hamper the normal conduct of export transactions in US dollars. The crackdown was intensified by the administration, which imposed more than 240 sanctions and restrictions on Cuba, including suspending remittances.