The Official Gazette of the Republic of Cuba now includes new regulations governing the management, oversight, and allocation of foreign currency, as well as changes to the operation of foreign-currency bank accounts.
The regulations form part of the economic and social transformations approved on June 18 in the Caribbean nation to address the complex situation caused by U.S. aggression and the blockade.
They include Resolution 103/2026, issued by the Ministry of Economy and Planning (MEP), establishing the General Framework for the management, oversight, and allocation of foreign currency within the national economy; and Resolution 102/2026, issued by the Central Bank of Cuba (BCC), establishing rules for opening foreign-currency bank accounts.
Through these regulations, the country seeks to provide greater flexibility and autonomy to businesses and local authorities, increase the participation of private-sector actors in national development, and boost production, services, exports, and the range of goods and services available to the public.
The provisions allow certain domestic transactions to be conducted in foreign currency, particularly those involving companies, wholesale businesses, and foreign-investment arrangements, according to a report by the Cuban News Agency.
Individuals and legal entities engaged in economic activities may open foreign-currency accounts both within Cuba and abroad without prior authorization, provided that they notify the Central Bank of Cuba and the National Tax Administration Office.
Retail trade will continue to be conducted primarily in Cuban pesos, although the Ministry of Economy and Planning may authorize certain sales in foreign currency when deemed to be in the country’s interest.
(Taken from Prensa Latina)
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