Thursday, March 17, 2016

Havana promises the abolition of tax on exchange transactions with dollars – RBC

Cuba can cancel the 10 percent tax dollars exchanged in banks and exchange offices. This at a press conference, said the Foreign Minister Bruno Rodriguez, reports Reuters.

Rodriguez stressed that it will only be possible if the authorities are convinced that they can use this currency for the transaction.

«in the coming days we will try to make transfers in dollars from the banking institutions in other countries and in the United States, to ensure that such transactions are possible”, – said the head of Ministry of Foreign Affairs

Tax. to exchange transactions with the dollar was introduced in Cuba in 2004.

This statement Rodríguez made a few days before a visit to Cuba by US President Barack Obama. The countries re-established diplomatic relations, broken off in 1961, in July 2015. Prior to this, the first in more than 50 years of negotiations between the two leaders at the Summit of the Americas in Panama in April 2015.

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