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Cadeca updates USD deposits and foreign currency sales

May 20 , 2023

After being inactive for almost two years, the Central Bank of Cuba (BCC) made public the reactivation of this service for almost two years. This service will be offered by Cadeca.

The news had a positive reception by users in social networks, who expressed the wisdom of the measure and also expressed a series of doubts about how other aspects of the country’s economic life would work and its impact on people’s lives.

In this regard, the competent authorities reported on how the measure affects the purchase/sale of foreign currency in the units destined for such function.

Purchase of dollars at Cadeca

The financial entity Casas de Cambio S.A. (Cadeca) informed that at present the person who buys dollars in its establishments has the option of depositing them in magnetic cards or acquiring them in cash.

The procedure

The purchase and sale has not experienced any additional variations in addition to the change.

You, as a purchaser, should:

  • Access the Ticket platform from the website or the application for mobile devices.
  • Create an account (in case you have not created one before)
  • Choose the branch where you will make the purchase

The process is performed in real time, at no extra cost. The maximum limit for purchase remains at US$100 per buyer, and the price of the currencies maintains its initial price.

Cadeca announced that the extension of the measure to all its offices in the country will be carried out gradually.

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