Cuba to suspend in-person deposit of U.S. dollars

2021-06-11 06:35:50 GMT2021-06-11 14:35:50(Beijing Time) Xinhua English

HAVANA, June 11 (Xinhua) -- Cuban banks will temporarily suspend in-person deposit of U.S. dollars starting from June 21, the island's government announced Thursday.

Speaking on TV, Marta Sabina, president of Cuba's National Bank, said that the intensification of the U.S. embargo against the Caribbean nation had affected the national banking system.

"People will be permitted to withdraw U.S. dollars from their bank accounts, transfer funds, and make in-person deposits using other foreign currencies," she said.

Carlos Fernandez de Cossio, director general for U.S. affairs at Cuba's Foreign Ministry, said that the new measure aims to protect the country's banking and financial systems.

"Our people and the international community know that the U.S. blockade is aimed at causing damages to the Cuban economy," he said, adding that the U.S. unilateral policy toward the island is intended to affect the country's income sources and living standards of the population. Enditem