Central Bank of Cuba

Central Bank of Cuba
Banco Central de Cuba

Logo of the Central Bank of Cuba
Established	28 May 1997
Ownership	100% state ownership[1]
President	Joaquín Alonso Vázquez
Central bank of	Cuba
Currency	Cuban peso CUP (ISO 4217)
Reserves	$8 billion
Preceded by	National 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]

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 – 23 February 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
• Economy of Cuba
• List of central banks

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. "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.

External links

• (in Spanish and English) Central Bank of Cuba official site Archived 2018-10-20 at the Wayback Machine

23.1393°N 82.3533°W / 23.1393; -82.3533