Natural persons may carry up to 5,000 Cuban pesos when entering or leaving Cuba
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The Official Gazette of the Republic of Cuba published, in its extraordinary edition number 28, April 12, 2022, Resolution 79/2022 of the Central Bank of Cuba (BCC), which regulates for natural persons, the limit of Cuban pesos in cash and other payment instruments or credit titles that they can carry when entering and leaving the national territory.
The new regulation establishes that natural persons may carry amounts not exceeding 5,000 Cuban pesos in cash, checks, bills of exchange, promissory notes, or other payment instruments or negotiable instruments used in international banking practice.
The Resolution also defines that importing and exporting demonetized pieces and specimens of Cuban pesos with numismatic or patrimonial character is subject to specific regulations.
Likewise, it prohibits the entry and exit of Cuban pesos in cash as shipments by mail, air, and sea, in any denomination or other payment instruments or credit instruments used in international banking practice.
According to the provisions, it is the responsibility of this institution to execute the powers entrusted to it to control the inflow and outflow of money across borders, as well as to prevent and avoid the use of the Banking and Financial System for illicit activities, including money laundering and the financing of terrorism and the proliferation of weapons of mass destruction.
Finally, the document establishes that natural persons who fail to comply with the provisions will be subject to the penalty of forfeiture, per the provisions of the customs legislation, without prejudice to any civil and criminal actions that may be applicable.
