The opposition platform announced that U-turn transfers would result in an increase in remittances
14ymedio, Havana, 3 June 2024 — The opposition platform D Frente [D Front] is in favor of the new measures taken by the United States towards Cuban entrepreneurs. In a statement made public this Friday, the organization affirms that the fact that private individuals can open and operate American bank accounts online is an opportunity to mitigate the economic crisis on the Island.
The new regulation, the statement says, could “contribute to mitigating inflation problems, facilitate the ability to import basic products that are so urgent for our population today, and perhaps untie some ’knots’ that limit production.”
According to D Frente, transactions from Cuban soil through US digital banking would offer “a horizon of empowerment for the island’s incipient MSMEs,” which it considers to be the “main supplier of essential products for Cubans” in the face of “the incapacity of the State as a distributor.”
Cubans traveling to the United S