Western Union Says Suspending U.S.Transfers to Cuba on November 22nd

Remittances have become one of the top sources of hard currency in an inefficient state-run economy laboring under a crippling U.S. trade embargo.

RIO DE JANEIRO, BRAZIL - Western Union said on Friday, November 13th, it was suspending U.S. money transfers to Cuba in 10 days due to the Trump administration’s latest sanction on the Communist-run island, in a blow to the many Cubans who rely on remittances from family abroad.

Its customers will now have to find new ways to send transfers against the backdrop of Cuba’s deepest economic crisis since the collapse of the Soviet Union, exacerbated by the coronavirus pandemic.

One route may be in cash via flights from the United States that are resuming next week . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?