Banking Crisis
The Cuban government has informed foreign companies that they cannot withdraw or transfer abroad the foreign currency deposited in local banks. This measure, described as a 'corralito' freeze, now extends to the entire foreign sector and also affects diplomatic missions. Economists warn that it undermines the credibility of Cuba's financial system.
Imeripotiwa na AI
Iran's Central Bank has declared Ayandeh Bank, one of the country's largest private lenders, bankrupt, with its assets absorbed by state-owned Melli Bank. Depositors face uncertainty despite assurances of secure savings, amid the nation's economic turmoil. The crisis highlights bitcoin's appeal as a safeguard against financial instability.