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.…

2 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…

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Please note: this article was published on December 28, 2019 and is now outdated.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

5 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…

9 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