Reuters :
Western Union said on Friday it was suspending US 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 after Cuba closed its borders early in the pandemic, while other, younger digital platforms also exist, reports Reuters.
Remittances have become one of the top sources of hard currency in an inefficient state-run economy labouring under a crippling US trade embargo.
