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Cuba Says Can't Pay For Japan Imports On Time : Nikkei

HONG KONG -- The Central Bank of Cuba informed Japan's Nippon Export and Investment Insurance that it couldn't pay for Japanese imports by the agreed upon dates, the Nikkei business daily reported Monday. "This isn't a problem specific to this bank. Foreign exchange reserves for settling trade accounts are in short supply in Cuba," said an offical at the Cuban central bank, according to the report.


Copyright © 2008 MarketWatch, Inc.

By morphus on Aug 19, 2008, 04:39 in Cuba. AddThis Social Bookmark Button


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