• About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, September 6, 2026
TheClevelandAmerican
  • Home
  • U.S.
  • World
  • Business
  • Science
  • Tech
  • Sport
  • Entertainment
  • Contact Us
No Result
View All Result
  • Home
  • U.S.
  • World
  • Business
  • Science
  • Tech
  • Sport
  • Entertainment
  • Contact Us
No Result
View All Result
TheClevelandAmerican
No Result
View All Result
Home Economy

CADECA reinvents itself after the dollar’s halt and lack of liquidity in Cuba

Rudyard Kipling by Rudyard Kipling
June 14, 2021
CADECA reinvents itself after the dollar’s halt and lack of liquidity in Cuba
Share on FacebookShare on Twitter

the state of it exchange houses (Kadika) They resell their goals in Cuba after The Temporary suspension of the entry of dollars into the banking system and before Lack of liquidity on the island.

from June 21And the CADECA WILL NOT WORK WITH dollar From the United States of America Joaquín Alonso Vázquez, head of the entity, said that business activity with the rest of the foreign currencies is expected to increase, the state Cuban News Agency reported (ACN).

According to Alonso, Kadika It is not only intended for foreign exchange operations (buying and selling), but also seeking Alliances with some companies such as Unión Eléctrica, Aqueduct, sanitation companies and ETECSATo provide your services from our offices“.

Kadika newly Selling started fuel cardsPayment method applied in Havana, Santiago de Cuba, etc In the coming days, it will be distributed to all regions of the countryAlonso said.

This was announced by the official A new facility for travelers to purchase freely convertible currencies will be announced soon (MLC). Although the ACN did not mention it, Alonso noted Dollar prepaid cards They are in testing and are valued at $1,000, 500, and $200.

Alonso said that in recent years CADECA “diversified” its range of services of alliances with The banking system, the National Tax Administration Office, the companies Correos de Cuba, Fincimex and Cubapetróleo (CUPET).

from the call sorting taskstate entity Develops operations with state entities, which are known as third-party depositsHe explained, that they restrict their bank accounts because the amounts or amounts received by units that provide services or sell goods in the national currency are very high.

See also  US household debt has risen to an all-time high

CADECA will turn 27 on Monday 14th June. According to the ACN, it is “an economic organization that, since its inception, has contributed to the implementation of the country’s monetary policy and has an extensive network of offices in all regions of the Greater Antilles, to offer financial operations with agility and security to its clients.”

However, Kadika It only fulfills one of its main objectives, the purchase, but It does not have the ability to sell foreign currency or at airports Because of the lack of liquidity in Cuba.

Kadika He responded to the citizens’ criticism with a misplaced statement. “Isn’t this understandable or is it not meant to be understood? If no foreign currency is entered, no foreign currency will come out. In Cuba no foreign currency is issued (they print), only the Cuban peso is issued,” the entity said. . Then the Cubans called her.Chusmeria . Houses“.

Rudyard Kipling

Rudyard Kipling

Rudyard Kipling writes for The Cleveland American, covering news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, important developments, and stories that matter.

Next Post
Christian Erickson is consistent and unchanging

Christian Erickson is consistent and unchanging

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending.

Jewish Voice for Peace Action Endorses Angie Nixon and Oliver Larkin in Florida Congressional Races

Jewish Voice for Peace Action Endorses Angie Nixon and Oliver Larkin in Florida Congressional Races

August 8, 2026
Rogbid Launches VisionW 3-in-1 Interchangeable-Frame AI Smart Glasses

Rogbid Launches VisionW 3-in-1 Interchangeable-Frame AI Smart Glasses

August 11, 2026
How To Enable Dark Mode In Google Search

How To Enable Dark Mode In Google Search

September 14, 2021
Cybernews AI Trustworthiness Ranking Assesses 500 Companies on Security and Privacy

Cybernews AI Trustworthiness Ranking Assesses 500 Companies on Security and Privacy

August 18, 2026
Environmental Groups Take Palisades Nuclear Restart Fight to Federal Appeals Courts

Environmental Groups Take Palisades Nuclear Restart Fight to Federal Appeals Courts

August 18, 2026
TheClevelandAmerican

We bring you high-quality content covering news, stories, and insights that matter. Explore our platform for the latest updates

Categories

  • Art
  • Business
  • Economy
  • Energy
  • Entertainment
  • Games
  • Health
  • Science
  • Sport
  • Tech
  • Top News
  • World

Recent News

Oklahoma Sooners and Oklahoma State Cowboys Limited-Edition Bobbleheads Unveiled for 2026 Football Season

Oklahoma Sooners and Oklahoma State Cowboys Limited-Edition Bobbleheads Unveiled for 2026 Football Season

September 4, 2026
Oklahoma to Unveil 2026 Aerospace Economic Impact Study at October Event

Oklahoma to Unveil 2026 Aerospace Economic Impact Study at October Event

September 4, 2026
  • About Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Editorial Policy

© 2026 The Cleveland American Media Portal — Independent News & Media Network.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Review
  • Security

© 2026 The Cleveland American Media Portal — Independent News & Media Network.