Cuba Looks to Reduce Blockade Effects on its Financial System

Havana, Oct 18 (Prensa Latina) The Minister-President of the Banco Central de Cuba (BCC), Irma Martínez, said the country works to minimize all that it can the great incidence of U.S. blockade in its financial system.

That measure against Cuba of the government of the United States creates great uncertainty in financial institutions of third countries in their relations with Cuba, assured Martinez to a question from Prensa Latina after presiding yesterday a ceremony of awards to workers of the sector as part of the Cuban Bank Workers Day.

That situation ratified with the new administration of president Donald Trump, leads us to reduce the impact in order that Cuba can recover its earnings from exports and pay commitments with entities of third countries, as the blockade reduces operations for our Banks, she argued.

The Minister-President of the BCC stressed that recent statements of the U.S. government ratify the blockade will persist, making Cuban bankers redouble their efforts and creativity to minimize as much as possible the consequences of that continued, unjust and genocide policy.

She referred that the organization of the monetary system, the greater expansion of financial inclusion in projects that tribute to the informatization of society.

We are developing ever more the electronic payment systems, domestic control so regulations are complied with and support clients, while preventing corruption and illegalities.

The official also mentioned among the challenges to achieve greater diversification of banking services to the population.

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