Central Bank of Cuba explained

Image 1:	Central_Bank_of_Cuba_logo.png
Image Title 1:	Logo of the Central Bank of Cuba
Image Width 1:	150px
Bank Name In Local:	Banco Central de Cuba
Ownership:	100% state ownership^[1]
Established:	28 May 1997
President:	Joaquín Alonso Vázquez
Leader Title:	President
Bank Of:	Cuba
Currency:	Cuban peso
Currency Iso:	CUP
Reserves:	$8 billion
Preceded:	National Bank of Cuba

The Central Bank of Cuba (Spanish; Castilian: 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; Castilian: Banco Nacional de Cuba|links=no), which was established on 23 December 1948^[2] and began operations on 27 April 1950.^[3]

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]

• First Vice President
• Administrative Vice President
• Vice President, Analysis and Strategic Objectives of the Cuban Bank System
• Vice President, Macroeconomics
• Vice-president, Operations

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.

• Felipe Pazos, 1950 – April 1952^[6]
• Joaquín Martínez Sáenz, April 1952 – 1958^{[7] [8]}
• Felipe Pazos, January 1959 – November 1959^[6]
• Che Guevara, 26 November 1959 – 1961^[9]
• Raúl Cepero Bonilla, 1961–1962^[10]
• Orlando Pérez Rodríguez, 1962 – 1973^[11]
• Raúl León Torrás, 1973 – 1985^[12]
• Héctor Rodríguez Llompart, 1985 – 1995^[13]
• Francisco Soberón Valdés, 1995 – 2009^[14]
• Ernesto Medina Villaveiran, 2009 – 2017^[15]
• Irma Margarita Martínez Castrillón, 2017 – 2020
• Marta Sabina Wilson González, 2020-2023^[16]
• Joaquín Alonso Vázquez Since 15 February 2023^[17]

See also

• Ministry of Finance and Prices
• Banco Nacional de Cuba v. Sabbatino
• Banking in Cuba
• Central banks and currencies of the Caribbean
• Cuban convertible peso
• List of central banks

External links

• Central Bank of Cuba official site

23.1393°N -82.3533°W

Notes and References

1. Web site: Weidner . Jan . The Organisation and Structure of Central Banks . Katalog der Deutschen Nationalbibliothek. 2017. PDF.
2. Web site: Aniversario 62 de la nacionalización de la banca en Cuba . 2022-10-13 . Contraloría General de la República . es . 2022-10-14 . https://web.archive.org/web/20221014041559/https://www.contraloria.gob.cu/noticias/aniversario-62-de-la-nacionalizacion-de-la-banca-en-cuba . dead .
3. Web site: About the BCC. https://web.archive.org/web/20160531013159/http://www.bc.gob.cu/English/about_bcc.asp. dead. May 31, 2016. May 31, 2016.
4. Web site: Designado nuevo Ministro Presidente del Banco Central de Cuba . Portal Banco Central de Cuba.
5. Web site: About the BCC . 2016-06-30 . dead . https://web.archive.org/web/20160531013159/http://www.bc.gob.cu/English/about_bcc.asp . 2016-05-31 .
6. Web site: Felipe Pazos Roque.
7. Web site: Annual Report of the Executive Directors for the Fiscal Year. International Monetary. Fund. April 2, 1950. International Monetary Fund.. Google Books.
8. Book: Laje, Zilia L.. The Sugar Cane Curtain: Historical Novel. April 2, 2000. Guarina Pub.. 9780964622418. Google Books.
9. Web site: Ernesto "Che" Guevara.
10. Web site: Raúl Cepero Bonilla.
11. Web site: Orlando Pérez Rodríguez.
12. Web site: Raúl León Torrás.
13. Web site: Héctor Rodríguez Llompart.
14. Web site: Francisco Soberón Valdés.
15. Web site: Evolución de la estructura jurídica.
16. Web site: Cuban Parliament appoints members of the Council of Ministers. Agencia Cubana de Noticias. 23 December 2019 .
17. Web site: Cuba appoints new Minister President of the Central Bank. 16 February 2023 .