How does Cadeca facilitate the process of monetary unification? (+ Videos) ›Cuba› Granma

The provision of services in Cadeca units has also increased as part of the money order process, and their active participation can alleviate demand from bank branches.

The president of this entity, Joaquín Alonso Vázquez, stated in an interview given to Radio Rebelde that all the facilities are committed to receive the convertible peso that the population has in its possession.

Command task: What will be the path to the disappearance of 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, while explaining that the transaction is very fast and they have a cash replenishment system, through the company Sepsa, which allows them to make decisions. and maintaining the service without damage.

Regarding the sale of freely convertible currency (MLC), Alonso Vázquez commented that the benefit is maintained, but with the drastic decrease in the entry of tourists in the country, the possibilities of selling MLC also decreased. For this reason, he pointed out, we had to focus on selling those passengers who go abroad and have to redeem; that is, to sell us the convertible pesos or pesos they bought when they came in.

CUC will be accepted in 500 new Cuban units

We only provide the redemption service, which is Cadeca’s sale of MLC to passengers leaving the country and limited to a maximum of 7,200 pesos, which was previously 300 CUC, he said.
According to President Cadeca, these facilities also participate in receiving deposits from entities to credit their accounts and in paying them to retirees, such as collecting taxes.

Faced with a monetary regulation scenario, it emerged that this entity is working to further expand the range of services it provides to the population, entities and new forms of non-state management.

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