Cuba offers Biden a channel to unblock remittances

CUBA STANDARD — Apparently offering the Biden administration a way to resume the billion-dollar flow of remittances by Western Union and other U.S. providers to Cuban families, the Banco Central de Cuba authorized an entity to manage “non-bank financial activities”.

According to Resolution No. 11, published in the Gaceta Oficial on Feb. 4, Orbit S.A. can engage in the “management and procedures of international transfers from abroad”.

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