KM Financial Solutions | Cash-strapped Cuba imposes new restrictions on imports
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Cash-strapped Cuba imposes new restrictions on imports

Cash-strapped Cuba imposes new restrictions on imports

HAVANA, March 6 (Reuters) – Cuba has imposed new
restrictions on imports by state-run companies, ordering them to
obtain a letter of credit from the central bank for purchases
above the equivalent of $100,000, as the Communist-run island
struggles with a shortage of cash and mounting commercial debt.

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