Services in Cadeca units have also increased as part of the monetary order process, and their active participation may ease demand from bank branches.
The president of this entity, Joaquín Alonso Vázquez, said in an interview with Radio Rebelde that all facilities are committed to receive the convertible pesos held by the population.
Order task: what is the path to the disappearance of the CUC and what will happen to the accounts in that currency?
People who go to the bank and see that there is a queue can go to Cadeca, he assured, explaining that the transaction is very fast, and they have a cash replenishment system, through the Sepsa company, allowing them to make decisions and maintain the service without consequences.
Regarding free convertible currency (MLC) sales, Alonso Vázquez noted that the benefit is maintained, but with the drastic decline in the number of tourists in the country, the opportunities to sell MLC have also diminished. For this reason, he explained, we have had to focus on sales to passengers who go abroad and who have to pay; that is, to sell us the convertible pesos or pesos they acquired when they came in.
They will accept CUC in 500 new Cuban locations
We only provide the redemption service, Cadeca’s sales transaction of MLC to passengers going out of the country, and limited to a maximum of 7,200 pesos, which was previously 300 CUC, he said.
According to the president of Cadeca, these facilities also participate in the receipt of deposits from entities to credit their accounts and the payment to retirees, such as collecting taxes.
Faced with a scenario of monetary regulation, it was found that this entity seeks to further expand its service offerings to the population, entities and new forms of non-government management.