The persistent cash crisis in Cuba is wreaking havoc on the payment of salaries, generating frustration among citizens.
Residents of different provinces report a lack of money in banks and ATMs, which prevents them from accessing their salaries deposited on magnetic cards.
In Camagüey, Leydis Tabares described the situation as unsustainable, to Martí Noticias: “There is no money in the banks to pay people, everyone is upset and they have not even given us an explanation.”
The lack of cash affects state workers and the general population, who are forced to wait long hours in lines to try to withdraw their money.
In Sancti Spíritus, the panorama is similar. Adriano Castañeda, an independent communicator, reports that “the lines start at dawn because between nine and ten in the morning there is no cash. There are some employees who have had to wait up to 45 days to be able to get paid”
In Guantánamo, the shortage of money has given rise to new informal businesses on the street. Given the lack of cash in banks, some citizens offer to exchange money at higher rates, which aggravates the economic situation and creates a parallel black market, the aforementioned media reported.
CASH SHORTAGE IN CUBA: A RECURRING PROBLEM
This is not a new problem. In August 2023, a report from the official media, We will winwarned regarding 6,270 unpaid workers in the budgeted sector, to which were added regarding 600 from the business system.
Despite the statements of bank managers in the province of Sancti Spíritus, in April 2023, who assured that “until now no one has been left unpaid in this province. The salary has always had and will have priority in our payments”, the reality seems to be different.
According to the regulations of the Central Bank of Cuba, cash withdrawals for the payment of salaries and other benefits are made a maximum of three business days in advance of the date established for payment. However, the current crisis seems to challenge this provision.
The cash crisis in Cuba has a significant impact on the daily lives of citizens. The inability to access their salaries limits their purchasing capacity and generates a climate of uncertainty and frustration.
Tell us what is happening in your province.
#Cubans #access #money #reports #cash #crisis
