The financial entity of Casas de Cambio SA (Cadeca) announced this Friday that as of Monday, April 17, customers will be able to deposit cash in Dollars US (USD) in all its offices in the country.
Until now, this service was only available at the branch on 23rd and J streets, in the Havana municipality of Plaza de la Revolución, according to the information published by the entity through its Twitter profile.
??? What customers had requested so much has arrived:
Cash deposit in USD, for the moment available at the 23 and J branch in the capital.
? Starting next Monday 1️⃣ 7️⃣ of 4⃣ starts in all the country’s office network.@BancoCentralCub pic.twitter.com/lbzhp46IPZ— Official CADECA (@cadecaoficial) April 14, 2023
The company clarified that for cash accreditation in USD in deposits, clients must present their identification document at the office along with their own freely convertible currency card (MLC), a note of the Cuban News Agency (ACN).
With this extension of the service throughout the country, Cadeca SA intends to offer its customers a more complete experience, adds the text.
On April 10, and through Resolution 63 of 2023, published in the Official Gazettethe Central Bank of Cuba (BCC) reported on the repeal of a previous regulation (June 2021) that prohibited the acceptance of USD in cash by banks and non-bank financial institutions.
The cause of the measure was a change in the situation from the control and overcoming of the COVID-19 pandemic, the gradual revival of tourism and the gradual recovery of productive activity and services.
Last year the Cuban government established a new foreign exchange market and began buying and then selling US dollars and other international currencies to citizens. However, it was not yet possible to deposit USD in banks or use them to recharge cards from Cuba to buy in stores in Freely Convertible Currency (MLC).
As a result of the new announcement, Alejandro Gil Fernández, head of the Ministry of Economy and Planning (MEP), ratified that Cubans can deposit US dollars (USD) in their accounts associated with cards that operate in MLC.
Also through Twitter, the minister specified that the possibility of exchanging dollars in the exchange market, implemented since August 2022, was maintained before the doubts that had been generated in the population about the scope of the new decision.
