Cuba relaxes rules on the import/export of currenc

[evanovitch]

Cuba relaxes rules on the import/export of currency



The Central Bank of Cuba has updated and relaxed the rules governing the import and export by individuals of freely convertible currency, of Cuban pesos and of the payment instrument called convertible peso.

The measures came into force on March 17.

According to the legal regulations imports of hard currency for individuals is free, including cash, checks or other means of payment used in international banking practice.

Those who enter the country with an amount exceeding five thousand US dollars or its equivalent are required to report to officials of the General Customs of the Republic.

When leaving the country individuals can freely export up to five thousand U.S. dollars or its equivalent in cash or by check or other means of payment used in international banking practice.

[j-kid]

Re: Cuba relaxes rules on the import/export of currenc

Yes, dem relaxing di rules MORE. Dem bin quietly allowing di families fi receive U.S. dollard fi years. Di Cuban govmt usually gets ah precentage. Dem even had Govmt approved specialty stores fi dem people whe hav US dollars fi spend it in.