International Business

Foreign Exchange Houses Open in Cuba: Cuba opened its first two foreign exchange houses offering hard currency transactions and credit card services, banking officials said. The exchange houses will buy and sell foreign currencies for U.S. dollars, the officials told the Cuban domestic news agency AIN. They will also cash traveler’s checks and process cash withdrawals by holders of Visa and MasterCard, the only two credit cards accepted in Cuba. Credit card withdrawals can be made only from bank accounts outside the United States because of the U.S. economic embargo against Cuba.