HAVANA TIMES, March 20 — The Central Bank of Cuba changed the rules governing the import and export of hard currency in whatever monetary units, as well as Cuban pesos (CUPs) and Cuban Convertible Pesos (CUCs), the Prensa Latina news agency reported on Monday.
Under the new regulations, individuals will be able to import hard currency into the country without restrictions or charges; however, they will be able to leave the island with only up to $5,000 (USD) or the equivalent in whatever currency without charges being imposed.
Cubans residents in the country and permanent resident aliens may export and import amounts not exceeding 2,000 CUPs, but they are prohibited from exporting CUCs, which is the currency considered as having real purchasing power on the island today.
The changes took effect on March17 through Central Bank resolutions published in the Gaceta Oficial.
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