14ymedio, Havana, 23 January 2024 — A group of “selected branches” of the Banco de Crédito y Comercio de Cuba (Bandec) will begin selling prepaid cards in dollars for domestic and foreign customers starting this Wednesday. Similar to those already marketed in hotels, the new cards offer advantages over their predecessors: they are valid for five years instead of two and can be used to purchase fuel in the gas stations authorized to sell in foreign currency.
Bandec’s statement, published this Tuesday on Facebook, clarifies that the cards will be available, in addition to bank branches, in the Casas de Cambio (Cadecas) of the Island and, contrary to the previous ones, “they can be acquired by foreign and national natural persons resident or not in the national territory, micro, small and medium-sized enterprises (MSMEs), non-agricultural cooperatives, self-employed workers, individual farmers (private)” and “the general population.”
The minimum amount to deposit to acquire a card will be 50 dollars or its equivalent in any of the currencies circulating on the Island, from which the bank will deduct four in terms of payment for the card, only the first time.
“It is rechargeable through cash deposits with the foreign currencies authorized to circulate and by transfers from abroad, with no limit on the amount,” said the bank, which did set a limit for the withdrawal of cash. “The cardholder, at the time of his departure from the country, can be reimbursed for the unused amount up to a maximum of 100 US dollars or its equivalent in another available currency, after presenting his boarding pass,” the statement explains.
It is rechargeable through cash deposits with the foreign currencies authorized to circulate and by transfers from abroad, with no limit on the amount
The bank did not clarify, however, whether the cards could be purchased initially at fixed prices, of 50, 100, 200, 500 or 1,000 dollars for example, such as those that are already traded on the Island and that are part of the regime’s strategy to retain at all cost the foreign currencies that enter the country, in any amount it can.
The new option seems to be designed
