Cuba suspending cash bank deposits in dollars, citing U.S. sanctions


  • World
  • Friday, 11 Jun 2021

FILE PHOTO: Cuban and U.S. notes are seen in this illustrative photograph taken in Havana March 14, 2011.REUTERS/Desmond Boylan/File Photo

HAVANA (Reuters) - Cuba said on Thursday it would temporarily stop accepting cash bank deposits in dollars, blaming tighter U.S. sanctions that are restricting its ability to use greenbacks abroad, although it will still accept transfers.

The move came shortly before the government was due to present its annual resolution to end the crippling, decades-old U.S. trade embargo on the Communist-run country at the United Nations General Assembly.

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