Search results for: Cash ATM

Cuba’s Central Bank Prohibits Private Businesses from Withdrawing Cash from ATMs

14ymedio, Havana, August 2, 2023 — The “bankification” of the country, just approved this Monday by the Council of Ministers, reflects the lack of liquidity of the Cuban State, and will begin to take effect as of this Thursday, “gradually,” with the announcement of a group of measures by the Central Bank of Cuba (BCC). … Continue reading “Cuba’s Central Bank Prohibits Private Businesses from Withdrawing Cash from ATMs”

Due to Inflation, Cubans Need More Cash and the ATMs Cannot Cope

14ymedio, Mercedes García, Havana, 17 April 2023 — The assertion of the financial authorities of Sancti Spíritus, through the official press this Monday, that there is no shortage of cash in the banking offices comes up against, once again, the testimonies at street level, which deny that this is the case . “I am going … Continue reading “Due to Inflation, Cubans Need More Cash and the ATMs Cannot Cope”

Users of the Russian Credit Card Mir Can Now Get Cash from Cuban ATMs

14ymedio, Juan Diego Rodriguez, Havana, 14 March 2023 — Cuban ATMs have started accepting the Mir card, part of a Russian payment system akin to Visa or Mastercard, that was launched by the Kremlin in 2016 to get around looming economic sanctions. Mir’s press office told the Russian news agency Sputnik that it is working … Continue reading “Users of the Russian Credit Card Mir Can Now Get Cash from Cuban ATMs”

By Noon There is No Cash Left in Havana’s ATMs

14ymedio, Natalia López Moya, Havana, 19 October 19, 2022 — “It’s not worth going to the ATMs in the small banks; you can only find money in the most central,” observes Pedro Luis, a 62-year-old Havanan who travelled to several municipalities of Havana this Tuesday trying to withdraw cash from his bank account. “In the … Continue reading “By Noon There is No Cash Left in Havana’s ATMs”

The ATMs in Havana Run Out of Cash

14ymedio, Marcelo Hernández, Havana, 10 May 2020 —  In these days of confinement to avoid the spread of the coronavirus, the lines in Havana are not limited to the purchase of food and toiletries. Also the lack of cash in many ATMs causes endless waiting to get convertible pesos (CUC). “This is the third ATM I’ve tried … Continue reading “The ATMs in Havana Run Out of Cash”

The Era of Broken ATM Cash Machines / Anddy Sierra Alvarez

Several banks in the capital’s municipalities have broken ATM cash machines, which makes it hard for people to get their money. In Cuba the use of technology to facilitate and expedite service to the population in the metropolitan banks, fails to live up to the same services and technology of other Latin American countries. Ana … Continue reading “The Era of Broken ATM Cash Machines / Anddy Sierra Alvarez”

In Matanzas, Cuba, the ATMs Are Like People: Without Money

In addition to the limited availability of cash, customers complain about the long hours of waiting, not understanding the working hours, fatigue and hunger 14ymedio, Julio César Contreras, Matanzas, May 5, 2024 — Getting up early in the morning, making a coffee and leaving for the Banco Popular de Ahorro on Calle Medio, in Matanzas, … Continue reading “In Matanzas, Cuba, the ATMs Are Like People: Without Money”

In Cuba, Tourists Distrust Prepaid Hard Currency Cards and Prefer to Pay in Cash

14ymedio, Natalia López Moya, Havana, 8 November 2023 — With seven years in the United States and a butcher’s trade, Yoandy returned to Cuba this October to spend a few days with his family. In addition to their embrace, this 46-year-old from Villa Clara encountered serious problems when it came to paying for products and … Continue reading “In Cuba, Tourists Distrust Prepaid Hard Currency Cards and Prefer to Pay in Cash”

Without a Bank and an Internet Connection, the Cuban ‘Guajiro’ Wants To Have Cash in Hand

14ymedio, Havana, 14 October 2023 — The official press warned this Saturday that the bancarización* banking reform process in Pinar del Río has found its nemesis: the Cuban guajiro. “They have no culture of that,” complained the authorities, who insist that the farmers – particularly those dedicated to tobacco cultivation – are impervious to the … Continue reading “Without a Bank and an Internet Connection, the Cuban ‘Guajiro’ Wants To Have Cash in Hand”

Black Market Alternatives and a Nationwide Cash Shortage Force Cuba’s Currency Exchange Bureaus to Close

14ymedio, Juan Diego Rodriguez, Havana, August 24, 2023 — A few years ago, its windows displayed the exchange rates of various foreign currencies. Those signs have since been replaced with drawings of children’s faces welcoming customers to what had been the Cadeca currency exchange bureau on the corner of Obispo and Compostela streets in Old … Continue reading “Black Market Alternatives and a Nationwide Cash Shortage Force Cuba’s Currency Exchange Bureaus to Close”

Lack of Cash Makes Cubans Desperate: ‘I’ve Gone Out in the Street to Fight for Pesos’

14ymedio, Juan Diego Rodríguez, Havana, August 1, 2023 — The line at the Banco Metropolitano ATM on Marino y Conill street, in Nuevo Vedado, was abuzz this Tuesday. To the number of elderly people in the neighborhood, who were waiting to be able to extract their pension payment, were added neighbors who came from Calzada … Continue reading “Lack of Cash Makes Cubans Desperate: ‘I’ve Gone Out in the Street to Fight for Pesos’”

Unpaid Salaries and a Limit of 5,000 Pesos in ATMs Due to the Shortage of Banknotes in Cuba

14ymedio, Olea Gallardo, Havana, 11 May 2023 — For six days Roberto has been trying to withdraw cash from an ATM in Havana, the last one this Thursday. In vain. One by one, he verified what all the inhabitants of the capital say this week: you can barely extract money. The announcer Yunior Morales posted … Continue reading “Unpaid Salaries and a Limit of 5,000 Pesos in ATMs Due to the Shortage of Banknotes in Cuba”

A New 100-Peso Bill Enters Circulation in Cuba in the Midst of the ATM Crisis

14ymedio, Juan Diego Rodríguez, Havana, 19 April 2023 — The Central Bank of Cuba (BCC) announced on Wednesday the release of a new 100-peso bill, which comes just as the depreciation of the currency against the dollar and the collapse of the ATM network on the Island worsens. The institution pointed out that this denomination … Continue reading “A New 100-Peso Bill Enters Circulation in Cuba in the Midst of the ATM Crisis”

Customers in Cuba Desperate Over Problems with Banco Metropolitano ATMs

14ymedio, Natalia López Moya, Havana, 1 July 2021 — The abrupt suspension of the electronic operations of the Banco Metropolitans (Banmet), in Havana, has caused outrage among customers, who have gone to the automatic teller machines (ATM) in search of cash and have not been successful. “I went to get money at the ATM in … Continue reading “Customers in Cuba Desperate Over Problems with Banco Metropolitano ATMs”

Tourists in Cuba Can Now Buy Cash Cards of Up to $1,000

14ymedio, Havana, 17 June 2021 — The Cuban banking system has devised a new option to keep the foreign currency of tourists, who can acquire, starting this Tuesday, Prepaid Cards at the Cadeca currency exchange offices in Varadero and Cayo Coco. The cards, of 200, 500 and 1,000 dollars, are only for non-resident travelers, who … Continue reading “Tourists in Cuba Can Now Buy Cash Cards of Up to $1,000”