{"id":240422,"date":"2021-06-16T15:14:09","date_gmt":"2021-06-16T19:14:09","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=240422"},"modified":"2021-06-16T15:14:09","modified_gmt":"2021-06-16T19:14:09","slug":"cuba-prepaid-cards-in-freely-convertible-currency-for-tourists-in-varadero-and-cayo-coco","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/cuba-prepaid-cards-in-freely-convertible-currency-for-tourists-in-varadero-and-cayo-coco\/","title":{"rendered":"Cuba: prepaid cards in freely convertible currency for tourists in Varadero and Cayo Coco"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Since this Tuesday, the Cuban exchange houses (CADECA) located in the tourist destinations of <\/span><a href=\"https:\/\/oncubanews.com\/tag\/varadero\/\"><span style=\"font-weight: 400;\">Varadero<\/span><\/a><span style=\"font-weight: 400;\"> and Cayo Coco have been selling prepaid cards with balances of 200, 500 and 1,000 <\/span><a href=\"https:\/\/oncubanews.com\/tag\/dolar\/\"><span style=\"font-weight: 400;\">USD<\/span><\/a><span style=\"font-weight: 400;\"> for tourists who wish to make purchases in establishments that do not accept cash.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Designed by the Cuban Credit and Commerce Bank (BANDEC), this product is initially aimed at <\/span><a href=\"https:\/\/oncubanews.com\/tag\/viajes-a-cuba\/\"><span style=\"font-weight: 400;\">international travelers<\/span><\/a><span style=\"font-weight: 400;\"> not residing on the island, is for exclusive use in the national territory and is valid for two years, a note from CADECA published by <\/span><a href=\"http:\/\/www.cubadebate.cu\/noticias\/2021\/06\/15\/bandec-habilita-desde-hoy-en-cayo-coco-y-varadero-tarjetas-prepago-en-mlc-para-viajeros-internacionales\/\"><i><span style=\"font-weight: 400;\">Cubadebate<\/span><\/i><\/a><span style=\"font-weight: 400;\"> reported.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/DD42OzgcqD\">https:\/\/t.co\/DD42OzgcqD<\/a> <a href=\"https:\/\/t.co\/USZLj251Ng\">pic.twitter.com\/USZLj251Ng<\/a><\/p>\n<p>&mdash; CADECA Oficial (@cadecaoficial) <a href=\"https:\/\/twitter.com\/cadecaoficial\/status\/1404783450163396608?ref_src=twsrc%5Etfw\">June 15, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The cards are not personalized, that is, they will not have the user\u2019s name printed, so their use value is reduced only to facilities whose point of sale (POS) terminals support this mechanism, indicated the source.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They also do not allow deposits or transfers from abroad, between similar cards or others that operate in dollars and only allow cash to be withdrawn in Cuban pesos (CUP) at ATMs at the exchange rate in force on the island, of 24 pesos per dollar (USD).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To purchase the product, travelers must present their passport and deposit the cash in freely convertible currency, plus a fee of $5 per card.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of next June 20, the card will not be able to be purchased by paying in USD, due to the temporary suspension of cash deposits in that currency recently announced by the Central Bank of Cuba, so it must be paid with other currencies accepted by Cuban banks, such as euros, Canadian dollars, and British pounds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A week ago, CADECA denied information about the sale of new prepaid cards in freely convertible currency, which had circulated on digital sites and Facebook profiles.<\/span><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"lbnfPx5LfP\"><p><a href=\"https:\/\/oncubanews.com\/cuba\/cuba-cadeca-desmiente-informacion-sobre-venta-de-nuevas-tarjetas-en-mlc\/\">Cuba: CADECA desmiente informaci\u00f3n sobre venta de nuevas tarjetas en MLC<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"\u00abCuba: CADECA desmiente informaci\u00f3n sobre venta de nuevas tarjetas en MLC\u00bb \u2014 OnCubaNews\" src=\"https:\/\/oncubanews.com\/cuba\/cuba-cadeca-desmiente-informacion-sobre-venta-de-nuevas-tarjetas-en-mlc\/embed\/#?secret=aiZKXc0VLw#?secret=lbnfPx5LfP\" data-secret=\"lbnfPx5LfP\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">The news echoed alleged statements by a CADECA executive, in which the possibility of buying said cards was announced. These would have amounts of 200, 500 and 1,000 USD, as now announced, and could supposedly be acquired in CUP, at the official exchange rate of 1 USD x 24 CUP.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIf CADECA had this support in freely convertible currency, it would make it available to the country to meet the needs of the economy, which is nothing other than meeting the needs of the population (hospitals, medicines, supplies for industry and agriculture, energy, etc.), where they would multiply much more for the benefit of the entire population,\u201d CADECA affirmed in a statement published in its official profiles.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Designed by the Cuban Credit and Commerce Bank (BANDEC), this product is initially aimed at international travelers not residing on the island, is for exclusive use in the national territory and is valid for two years, a note from CADECA reported.<\/p>\n","protected":false},"author":3134,"featured_media":240425,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13904],"tags":[14816,29036],"ppma_author":[33546],"class_list":["post-240422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cuban-economy","tag-cuban-economy","tag-dollarization-of-cuban-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cuba: prepaid cards in freely convertible currency for tourists in Varadero and Cayo Coco | OnCubaNews English<\/title>\n<meta name=\"description\" content=\"Designed by the Cuban Credit and Commerce Bank (BANDEC), this product is initially aimed at international travelers not residing on the island, is for exclusive use in the national territory and is valid for two years, 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