Beneficiaries of remittances in Cuba have the possibility of receiving them directly in their bank accounts in foreign currency, from Metropolitano, BPA and Bandec banks
By Redaction International - [email protected]
U.S. company Western Union reestablished the sending of remittances to Cuba from all over the United States this March 3, 2023
The member of the Political Bureau of the Communist Party of Cuba and Minister of Foreign Affairs, Bruno Rodríguez Parrilla said on Twitter regarding the news that "the U.S. unilaterally suspended the sending of remittances from the U.S. to Cuba in 2020 to create economic pressure on the Cuban population."
"It was one of the measures to reinforce the blockade adopted in the midst of the COVID-19 pandemic," the diplomat added.
As made known by the company Orbit S.A., which managed remittances to the Island from Europe and Canada in 2022, this expansion of remittance operations from the U.S. is a legitimate activity that since 1995 operated in Cuban territory, in accordance with international standards and that since 2020 had been stopped for the U.S. market by unilateral decision of the U.S. Government.
Orbit S.A. also informed that the test phase of the service to Cuba that Western Union had started on January 4 of this year, in some offices in Florida, was already completed, so it proceeded to extend the service to all locations of its network on U.S. territory.
The beneficiaries of remittances in Cuba have the possibility of receiving them directly in their bank accounts in foreign currency, from the Metropolitano, BPA and Bandec banks, a service made possible thanks to commercial links subscribed with international financial companies, and which favors both the remittance recipients and senders, as they have access to fast, safe and less costly banking channels for their processing.
The population will be updated on the official channels that Orbit S.A. will incorporate to its management, the company indicated.