According to reports, the United States government has just eased the restrictions for sending remittances to Cuba by granting the VaCuba agency, from Miami, permission to operate with Orbit SA, from Cuba, sending foreign currency to the Island.
“We have received authorization from the Office of Foreign Assets Control (OFAC) to operate with Orbit SA, which allows us to send remittances to MLC cards of Cuban banks with a 7% fee on our website,” he said. Heder Martinezgeneral manager of VaCuba.
It was also announced that VaCuba will charge each client 7 dollars for every 100 that they send to the island, a reasonable rate taking into account that right now Cubans in the United States have to pay around 30 dollars for every 100 that they send in the informal market. to their relatives.
Central Bank of Cuba authorizes a new entity to manage remittance shipments
In February 2022, the Cuban government authorized Orbit SA to operate to work with remittances. A resolution published in the official Gazette He announced that he was given authorization to “manage and process international transfers from abroad to Cuba.”
In May 2022, the government of President Joe Biden announced that it would increase flights to Cuba and lift the limits on remittances to the island.
“We will support Cuban families and businessmen by allowing a greater flow of remittances to the Cuban people […] We will remove the cap on family remittances of $1,000 per quarter and support remittance donations to Cuban entrepreneurs, both with the goal of further empowering families to support each other and entrepreneurs to expand their businesses. With these actions, we intend to support the aspirations for freedom and greater opportunities in your country,” said a statement from the government at the time. Department of State.
News under construction…
