5 Comments on "Banking in Cuba"

  1. very interesting article, did you try to send any money from Cuba? got a client with Panama company and bank account and have big troubles to receive payments from Cuba, seems that problem could be on both sides… so we search for an option for him to open offshore bank account with possibility to accept money from Cuba…

    • Not personally but I know someone on a finance team I work with had to go through quite a struggle to wire USD out whereas EUR and other currencies were far less problematic.

      • do you think it worked out? Couse we have checked several banks we worked with, but all of them refused Cuban wires as their banks are on sanction list yet. Even UAE banker is high position told me, that sanctions are gonna be cancelled soon, but not possible to accept wires yet…

        • I’m not sure if it worked out. They may have ended up exchanging the USD to EUR or CNY (probably at an unfavourable rate). Banking in Cuba is really not all that great, yet.

          • yeah, but all sharks are already circling around Cuba 😀 Anyway, thanx for infos, still do not know where it could be possible to send wire from Cuba to avoid sanctions and returned payment… maybe Chines or Russian banks…

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