banking

Russia’s Novikombank Opens in Havana

Russia’s Novikombank, a subsidiary of the Rostec company, officially opened in Havana. The move is a step to strengthening and…

1 year ago

Russia’s MIR Card Launches at Cuban ATMs

According to an article in Russia Briefing, several Cuban banks in Havana are now accepting the Russian MIR payment cards.…

3 years ago

Cuba Implements New Foreign Currency Exchange Rates to Strengthen Peso

Alejandro Gil, First Deputy Prime Minister and Minister of Economy and Planning and the Minister-President, Marta Wilson, of the Central…

3 years ago

The “Steel Piglets” of the Havana Banking District

Like similar financial districts, distributed in an area of ​​approximately two square kilometers, this building was the epicenter of what…

5 years ago

Currency Unification to Begin January 1

In a televised address to the nation, Cuban President Miguel Díaz-Canel, in the presence of Raul Castro, First Secretary of…

5 years ago

Our Interview with Spanish Lawyer Hermenegildo Altozano

Spanish lawyer Hermenegildo Altozano is a leading world expert on matters involving foreign investment with Cuba. Since 2011, Mr. Altozano…

5 years ago

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Please note: this article was published on December 28, 2019 and is now outdated.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

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 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

Cuba and the Big Banks

It's safe to say, that at the current time, there's a massive problem in the existing relationship between Cuba and…

9 years ago

Mastercard Now Functioning at Havana ATMs

Cuba's central bank and U.S. financial institutions are improving working to improve collaboration on matters of remittances and credit cards…

9 years ago

OFAC Amendments Prior to the Visit of Obama

Prior to President Obama's visit to Cuba, the Commerce Department's Bureau of Security and Industry (BIS) and Treasury's Foreign Assets…

10 years ago

Scotiabank to Maintain Presence in Cuba

  As relations between the US and Cuba evolve, Canadian corporations and banks are moving into Cuba quickly.  Scotiabank recently…

10 years ago