Has Cuba Banking System Failed

Has Cuba Banking System Failed. The banking system of cuba has reportedly collapsed. August 6, 2024 2:25 pm edt.


Has Cuba Banking System Failed

Pérez notes that in 2018, 50% of the cash in circulation was in the hands of the cuban population and the other half in banks on the caribbean island. Accustomed to lugging around thick wads of cash, cubans are skeptical of government efforts to force them to deposit their money into a crumbling banking system, in an effort to curb runaway.

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