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The economy of Cuba is a mixed command economy dominated by state-run enterprises. Most of the labor force is employed by the state. Following the fall of the Soviet Union in 1991, the ruling Communist Party of Cuba encouraged the formation of worker co-operatives and self-employment. In the late 2010s, private property and free-market rights along with foreign direct investment were granted by the 2018 Cuban constitution. Foreign direct investment in various Cuban economic sectors increased before 2018. As of 2000, public-sector employment was 76% and private-sector employment was 23%, compared to the 1981 ratio of 91% to 8%. Investment is restricted and requires approval by the government. In 2019, Cuba ranked 70th out of 189 countries on the Human Development Index, placed in the high human development category. As of 2012, the country's public debt comprised 35.3% of GDP, inflation (CDP) was 5.5%, and GDP growth was 3%. Housing and transportation costs are low. Cubans receive government-subsidized education, healthcare, and food subsidies.
Havana is the capital and largest city of Cuba. The heart of the La Habana Province, Havana is the country's main port and leading commercial center. The city has a population of 2.1 million inhabitants, and it spans a total of 781.58 km2 (301.77 sq mi) – making it the largest city by area, the most populous city, and the fourth largest metropolitan area in the Caribbean region.
The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third largest Canadian bank by deposits and market capitalization. It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 92,001 employees and assets of CA$1,136 billion, Scotiabank trades on the Toronto and New York exchanges. The Scotiabank swift code is NOSCCATT and the institution number is 002.
Royal Bank of Canada is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 16 million clients and has more than 86,000 employees worldwide. Founded in 1864 in Halifax, Nova Scotia, it maintains a corporate headquarters in Toronto and its head office in Montreal. RBC's institution number is 003. In November 2017, RBC was added to the Financial Stability Board's list of global systemically important banks.
The Central Bank of Cuba is the central bank of Cuba. It was created in 1997 to take over many of the functions of the National Bank of Cuba which was established in 1950.
The Cuban peso also known as moneda nacional, is the official currency of Cuba.
The convertible peso was one of two official currencies in Cuba, the other being the Cuban peso. It had been in limited use since 1994, when its value was pegged 1:1 to the United States dollar.
Cuba, officially the Republic of Cuba, is an island country comprising the island of Cuba, as well as Isla de la Juventud and several minor archipelagos. Cuba is located where the northern Caribbean Sea, Gulf of Mexico, and Atlantic Ocean meet. Cuba is located at the east of the Yucatán Peninsula (Mexico), south of both the American state of Florida and the Bahamas, west of Hispaniola, and north of both Jamaica and the Cayman Islands. Havana is the largest city and capital; other major cities include Santiago de Cuba and Camagüey. The official area of the Republic of Cuba is 109,884 km2 (42,426 sq mi). The main island of Cuba is the largest island in Cuba and in the Caribbean, with an area of 104,556 km2 (40,369 sq mi). Cuba is the second-most populous country in the Caribbean after Haiti, with over 11 million inhabitants.
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.
Roncador Bank is a mostly-submerged atoll with several sandy cays. It lies in the west Caribbean Sea off the coast of Central America.
The following outline is provided as an overview of and topical guide to Cuba:
The Caribbean is a region of the Americas that consists of the Caribbean Sea, its islands and the surrounding coasts. The region is southeast of the Gulf of Mexico and the North American mainland, east of Central America and north of South America islets, reefs and cays. Island arcs delineate the eastern and northern edges of the Caribbean Sea: the Greater Antilles and the Lucayan Archipelago on the north and the Lesser Antilles and the on the south and east. They form the West Indies with the nearby Lucayan Archipelago, which are considered to be part of the Caribbean despite not bordering the Caribbean Sea. On the mainland, Belize, Nicaragua, the Caribbean region of Colombia, Cozumel, the Yucatán Peninsula, Margarita Island, and the Guianas are often included due to their political and cultural ties with the region.
Alfredo Despaigne Rodriguez is a Cuban professional baseball outfielder. He played for the Chiba Lotte Marines and the Fukuoka SoftBank Hawks of Nippon Professional Baseball (NPB).
The Old Bahama Channel is a strait of the Caribbean region, between Cuba and the Bahamas.
The following are international rankings of Cuba.
The Communist Party of Cuba is the sole ruling party of the Republic of Cuba. The party leads a one-party authoritarian regime in Cuba where dissidence and political opposition are prohibited and repressed. The Cuban constitution ascribes the role of the party to be the "leading force of society and of the state". It was founded on 3 October 1965 as a successor of the United Party of the Cuban Socialist Revolution, which was in turn made up of the 26th of July Movement and Popular Socialist Party that seized power in Cuba after the 1959 Cuban Revolution.
Bank of Nova Scotia Building, Havana is a Neoclassical-style bank building located at the intersection of Calle O´Reilly and Calle Cuba in old Havana.
Mir is a Russian payment system for electronic fund transfers established by the Central Bank of Russia under a law adopted on 1 May 2017. The system is operated by the Russian National Card Payment System, a wholly owned subsidiary of the Central Bank of Russia. Mir does not itself issue cards, extend credit or set rates and fees for consumers; rather, Mir provides financial institutions with Mir-branded payment products that they then use to offer credit, debit, or other programs to their customers. The development and implementation of Mir was spurred by the imposition of international sanctions against Russia in 2014 to circumnavigate the reliance on the likes of Visa and Mastercard.
Royal Bank of Canada Building, Havana is a Neoclassical-style bank building located at corner of Calles Aguiar and Obrapia in Habana Vieja. The ground floor was dedicated to the bank, the other floors to offices that were rented; a floor was added for a semiprivate restaurant and club.
References
- ↑ "Commercial banks". Central Bank of Cuba . Retrieved 2008-03-12.
- ↑ "Foreign banks". Central Bank of Cuba . Retrieved 2016-05-06.
- ↑ http://www.hib.uk.com/about.html
