Cuba suspends dollar deposits in cash …

Cuba temporarily suspended dollar cash deposits on the island deal with the blockade imposed by the United States on the country, which generated losses of $ 9,157 million between April 2019 and December 2020.

The governor of the Central Bank of Cuba, Marta Sabina Wilson González, told a press conference that the entity He took action before the resurgence of sanctions imposed by Washington. The decision comes into effect in the midst of the economic crisis in the Caribbean country, with serious problems of shortage of basic products and where the local currency has suffered a sharp devaluation in recent months.

The announcement, made on June 10, caused large queues at banks to deposit dollars in the following days. Banks remained open all weekend, including this Sunday.

The temporary suspension of dollars in Cuba triggered the price of euros both on the island and in Miami, where a large part of the Cuban exiles reside, to a conversion of 90 pesos for every euro.

Cuban Foreign Minister Bruno Rodríguez stressed that US blockades in Cuba imply monthly losses of $ 436 million, the Europa Press news agency reported.

The impact of the blockade

According to Rodriguez, total losses have reached nearly $ 150 billion since the United States imposed its embargo six decades ago.

He also said that the banking system’s decision to temporarily halt accepting dollar cash deposits is “an essential measure to protect the economy, as there are obstacles imposed by the bloc to using them to l ‘foreign”.

El director general of the Ministerio de Exteriores de Cuba para Estados Unidos, Carlos Fernández de Cossío, aseveró that the embargo y las crecientes medidas is enshrined in an intento de “deprimir nuestra economía, crear inestabilidad en las condiciones de vida de la población y atacar al financial sector”. “Being on the list of countries that sponsor terrorism has a practical impact on the payment and collection process in our international commercial and financial activity. Cuba adopts a measure of self-defense,” he said. .