Cuban Banking Sector Maintains Operations in Defense of the Economy

Ante las actuales limitaciones se han mantenido los servicios esenciales como los pagos a los jubilados, cobros de servicios y los servicios cambiarios de divisas, entre otros.
Central Bank President Outlines Measures to Sustain Essential Services Amid Constraints
Regarding the continuity of banking sector operations under current circumstances, Julia Lilia Delgado Portal, Minister President of the Central Bank of Cuba (BCC), reported today and ratified the commitment to prioritize what is essential and thus defend the national economy.
Appearing on the televised program Mesa Redonda, Delgado Portal assured that the Cuban banking system has taken actions and made investments based on specific design adjustments to tailor services to the country's conditions, with aspirations to achieve energy self-sufficiency in branches. For this purpose, renewable energy sources have been incorporated in some institutions.
Adjusted Hours and Focus on Essential Services
She specified that, in order to contribute to energy savings, the operating hours of certain branches lacking these backup supports have been adjusted. This information is being disseminated through social media and each bank's websites.
In the face of current limitations, she emphasized that essential services have been maintained, such as pension payments, service fee collections, and currency exchange services, among others.
Digitalization as a Key Alternative
As an alternative, the banking representative highlighted the potential of digitalization to support operations, such as applications for scheduling appointments and payment platforms. These are in a condition to increase their use in line with population needs and to reduce travel in the current context.
Support for International Payments and Strategic Sectors
For international payments, she noted, the allocation of foreign currency to priority activities is maintained, with special emphasis on food production and exportable items, in addition to credit facilities for acquiring photovoltaic systems, in line with the country's policy toward energy transition.
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