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.
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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.