Cuban Banking System Has Collapsed. Cubans had been unable to deposit dollars in cash into their accounts at banks and other financial institutions for almost two years. The cuban government admitted failure in the implementation of banking and the official exchange rate policy, triggering a wave of criticism from citizens who demand a change in the system in the face of ineffective economic policies that aggravate the situation on the island.
Accustomed to lugging around thick wads of cash, cubans are skeptical of government efforts to force them to deposit their money into a crumbling banking system, in an effort to curb runaway. Even though evolve’s most recent regulatory filing says that it has just over.
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