MarketsNotableSingle-source
5.3
Cuba opens foreign currency accounts, formalizes partial dollarization
InfoMoney·CU·1 day ago
Cuba's central bank issued two resolutions permitting private small businesses (mipymes) to accept cash payments while mandating how those funds must be managed, signaling continued dollarization and state oversight. The move extends existing economic liberalization but reinforces regime control over private-sector income. Uncertainty remains over implementation details and impact on mipyme operations.