Central Bank of Cuba

Last updated • 1 min readFrom Wikipedia, The Free Encyclopedia
Central Bank of Cuba
Banco Central de Cuba
Central Bank of Cuba logo.png
Logo of the Central Bank of Cuba
Established28 May 1997
Ownership100% state ownership [1]
President Joaquín Alonso Vázquez
Central bank of Cuba
Currency Cuban peso
CUP (ISO 4217)
Reserves$8 billion
Preceded byNational Bank of Cuba
Website www.bc.gob.cu

The Central Bank of Cuba (Spanish : Banco Central de Cuba, BCC) is the central bank of Cuba. It was created in 1997 to take over many of the functions of the National Bank of Cuba (Spanish: Banco Nacional de Cuba), which was established on 23 December 1948 [2] and began operations on 27 April 1950. [3]

Contents

The current president of the bank is Joaquín Alonso Vázquez. [4]

Organization

The bank is headed by a single president with five vice-presidents: [5]

The president of the Central Bank is a member of the Council of Ministers of Cuba.

Presidents

Presidents of the National Bank of Cuba and of the Central Bank of Cuba.

See also

Related Research Articles

Landing of the <i>Granma</i> Invasion of Cuba done by a single yacht in the Cuban revolution

Granma is a yacht that was used to transport 82 fighters of the Cuban Revolution from Mexico to Cuba in November 1956 to overthrow the regime of Fulgencio Batista. The 60-foot diesel-powered vessel was built in 1943 by Wheeler Shipbuilding of Brooklyn, New York, as a light armored target practice boat, US Navy C-1994, and modified postwar to accommodate 12 people. "Granma", in English, is an affectionate term for a grandmother; the yacht is said to have been named for the previous owner's grandmother.

<span class="mw-page-title-main">Manuel Urrutia Lleó</span> President of Cuba in 1959

Manuel Urrutia Lleó was a liberal Cuban lawyer and politician. He campaigned against the Gerardo Machado government and the dictatorial second presidency of Fulgencio Batista during the 1950s, before serving as president in the revolutionary government of 1959. Urrutia resigned his position after only seven months, owing to a series of disputes with revolutionary leader Fidel Castro, and emigrated to the United States shortly afterward.

<span class="mw-page-title-main">Oriente Province</span> Former province in Cuba

Oriente was the easternmost province of Cuba until 1976. The term "Oriente" is still used to refer to the eastern part of the country, which currently is divided into five different provinces.

<span class="mw-page-title-main">Currencies of Puerto Rico</span>

The currencies of Puerto Rico closely follow the historic development of the territory. As a Province of Spain and a territory of the United States, Puerto Rico was granted the use of both foreign and provincial currencies. Following the Spanish colonization in 1508, Puerto Rico became an important port, with its own supply of gold. However, as the mineral reserves ran empty within the century, the archipelago's economy suffered. The Spanish Crown issued the Situado Mexicano, which meant that a semi-regular shipment of gold from the Viceroyalty of New Spain would be sent to the island, as a way to provide economic support. Between 1636 and 1637, Philip IV of Spain imposed a tax which had to be paid using a revenue stamp. Inspired by this, Puerto Rico began producing banknotes in 1766, becoming the first Overseas Province to print 8-real banknotes in the Spanish Empire and which in the Spanish government's approval of subsequent issues.

<span class="mw-page-title-main">Cuba at the 1968 Summer Olympics</span> Sporting event delegation

Cuba competed at the 1968 Summer Olympics in Mexico City, Mexico. 115 competitors, 101 men and 14 women, took part in 78 events in 13 sports.

This article discusses banking in Cuba and gives an overview of the recent past. For details on the Cuban economy in general, see economy of Cuba.

<span class="mw-page-title-main">Central Bank of Nicaragua</span>

The Central Bank of Nicaragua is the central bank of Nicaragua.

<span class="mw-page-title-main">Cuba men's national basketball team</span>

The Cuba men's national basketball team represents Cuba at international competitions. It won the bronze medal at 1972 Summer Olympics and finished in 4th place at the 1974 FIBA World Championship. It is the only team from the Caribbean to win a medal at a major global event.

<span class="mw-page-title-main">Felipe Pazos</span> Cuban economist

Felipe Pazos Roque was a Cuban economist who initially supported the Cuban Revolution of Fidel Castro, but became disillusioned with the increasingly radical nature of the revolutionary government.

<span class="mw-page-title-main">2008 Cuban President of the Council of State election</span>

An indirect presidential election was held in Cuba on 24 February 2008, in which the National Assembly of People's Power elected a new President of the Council of State and the members of the Council of State. The election followed the January 2008 parliamentary election. In the election, Raúl Castro, who had been Acting President since July 2006, was elected as President of the Council of State, succeeding his older brother, Fidel Castro.

In March 2009, President Raúl Castro of Cuba dismissed numerous government ministers.

<span class="mw-page-title-main">Black Spring (Cuba)</span> 2003 crackdown on Cuban dissidents

Black Spring was the 2003 crackdown by the Cuban Government on Cuban dissidents. The government imprisoned 75 dissidents, including 29 journalists on the basis that they were acting as agents of the United States by accepting funds from the US government and George W. Bush's administration at the time. Amnesty International described the 75 Cubans as "prisoners of conscience". The Cuban government stated at the time: "the 75 individuals arrested, tried and sentenced in March/April 2003... are demonstrably not independent thinkers, writers or human rights activists, but persons directly in the pay of the US government. [...] [T]hose who were arrested and tried were charged not with criticizing the [Cuban] government, but for receiving American government funds and collaborating with U.S. diplomats".

Events in the year 1982 in Mexico.

Events in the year 1983 in Mexico.

Events in the year 1962 in Mexico.

<span class="mw-page-title-main">Ministry of Finance and Prices (Cuba)</span> Government ministry in Cuba

The Ministry of Finance and Prices of Cuba is responsible for managing the public finances of Cuba, including budget, tax, treasury, price and public credit policies.

References

  1. Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. "Aniversario 62 de la nacionalización de la banca en Cuba". Contraloría General de la República (in Spanish). Archived from the original on 2022-10-14. Retrieved 2022-10-13.
  3. "About the BCC". May 31, 2016. Archived from the original on May 31, 2016.
  4. "Designado nuevo Ministro Presidente del Banco Central de Cuba". Portal Banco Central de Cuba.
  5. "About the BCC". Archived from the original on 2016-05-31. Retrieved 2016-06-30.
  6. 1 2 "Felipe Pazos Roque".
  7. Fund, International Monetary (April 2, 1950). "Annual Report of the Executive Directors for the Fiscal Year". International Monetary Fund. via Google Books.
  8. Laje, Zilia L. (April 2, 2000). The Sugar Cane Curtain: Historical Novel. Guarina Pub. ISBN   9780964622418 via Google Books.
  9. "Ernesto "Che" Guevara".
  10. "Raúl Cepero Bonilla".
  11. "Orlando Pérez Rodríguez".
  12. "Raúl León Torrás".
  13. "Héctor Rodríguez Llompart".
  14. "Francisco Soberón Valdés".
  15. "Evolución de la estructura jurídica".
  16. "Cuban Parliament appoints members of the Council of Ministers". Agencia Cubana de Noticias. 23 December 2019.
  17. "Cuba appoints new Minister President of the Central Bank". 16 February 2023.

23°08′21″N82°21′12″W / 23.1393°N 82.3533°W / 23.1393; -82.3533