Banking

Currency Unification – Not Happening January 1

Please note: this article was published on December 28, 2019 and is now outdated. Currency unification will actually take place…

6 years ago

Cubans Can Now Open Foreign Currency Accounts

As of next Monday, Cubans will be able to open foreign currency accounts at the following banks: Banco Metropolitano, Banco…

6 years ago

Remittances: Aiding the Individual or Private Business?

The eventual legalization of small and medium-sized private companies, together with the strengthening and greater autonomy of municipalities in the…

6 years ago

Cuba to Consider Cryptocurrency in its Economic Plan 2020

Cuba is considering the use of cryptocurrency as a part of the ongoing discussions on the new Economic Plan reforms.…

6 years ago

The Cuban CUP – Could its Days Be Numbered?

It was reported by Agence France Presse (AFP) that President Raul Castro has indicated the unification of Cuba's dual currency…

7 years ago

EU to Offer Assistance in Dual Currency Unification

An offer to assist in the unification of  Cuba's dual currency system has been made by a European Union (EU)…

7 years ago

Cuba Signs Agreement with CABEI

Cuba has signed an agreement with the Central American Bank for Economic Integration (CABEI) approving the request for entry as…

8 years ago

Banking Reform in Cuba

Many of the banking reforms that have taken place within the banking system of Cuba have been the result of…

8 years ago

The Central Bank Launches New Five Peso Coin

The Central Bank of Cuba (Banco Central de Cuba) has launched a new five peso coin.  The coin will be…

8 years ago

Banco Metropolitano to Increase Internet Banking and ATM Services

The Cuban news agency ACN reports that Banco Metropolitano plans to increase internet banking services and the number ATM locations…

8 years ago