The postal entity Correo Uruguayo has expanded its providers for sending remittances to Cuba from the South American territory.
The information was confirmed to the official Prensa Latina by Andrea Afeltro, answerable for the Worldwide Enterprise Unit of Correo Uruguayo.
Usually, Cubans residing within the South American nation needed to ship cash to their relations on the island by way of money transfers, however latest financial modifications in Cuba made it needed to regulate the modalities for sending remittances.
With the change, the Uruguayan postal entity, in collaboration with Correos de Cuba, will supply cash transfers to Cuban playing cards in Freely Convertible Foreign money (MLC). These shipments will probably be executed in Uruguayan pesos, which will probably be transformed into MLC and will probably be deposited on the playing cards.
“We’re selling this information in order that Cuban migrants know that they will now ship cash safely and reliably by way of a state establishment. This methodology avoids foreign money conversion, which might make the cargo dearer and scale back the worth of the cargo,” the official stated.
The brand new modality permits there to be two methods to ship remittances to the Island, the primary by way of the standard switch, the place the recipient in Cuba receives payments in Cuban pesos (CUP), and the second is with the switch to MLC playing cards.
Afeltro signifies that each varieties can be found within the 180 put up workplaces of the South American nation.
Likewise, he indicated that the brand new choice for transfers to MLC playing cards has a processing time of between 48 and 72 hours, however that work is being completed to cut back the ready time.
“The service is designed for shipments from Uruguay to Cuba and, though a necessity for shipments within the reverse route has not been recognized, it’s a risk that might be carried out sooner or later due to the platform used,” he provides.
Lastly, the official acknowledged that the cooperation between the postal entities of Cuba and Uruguay has been stable, and that it seeks to help Cuban migrants who’re within the nation after escaping the Island in quest of a greater future.
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