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Central Bank of Cuba

Coordinates: 23°08′21″N 82°21′12″W / 23.1393°N 82.3533°W / 23.1393; -82.3533
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Central Bank of Cuba
Banco Central de Cuba
Logo of the Central Bank of Cuba
Logo of the Central Bank of Cuba
Established28 May 1997
Ownership100% state ownership[1]
PresidentJoaquín Alonso Vázquez
Central bank ofCuba
CurrencyCuban peso
CUP (ISO 4217)
Reserves$8 billion
Preceded byNational Bank of Cuba
Websitewww.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

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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

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

No. Image Name Term
1 Felipe Pazos 1950 – April 1952[6]
2 Joaquín Martínez Sáenz April 1952 – 1958[7]
(1) Felipe Pazos January 1959 – November 1959[6]
3 Che Guevara 26 November 1959 – 23 February 1961[8]
4 Raúl Cepero Bonilla 1961–1962[9]
5 Orlando Pérez Rodríguez 1962–1973[10]
6 Raúl León Torrás 1973–1985[11]
7 Héctor Rodríguez Llompart 1985–1995[12]
8 Francisco Soberón Valdés 1995–2009[13]
9 Ernesto Medina Villaveiran 2009–2017[14]
10 Irma Margarita Martínez Castrillón 2017–2020
11 Marta Sabina Wilson González 2020–2023[15]
12 Joaquín Alonso Vázquez 15 February 2023 – present[16]

See also

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References

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  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. ^ a b "Felipe Pazos Roque".
  7. ^ "Annual Report of the Executive Directors for the Fiscal Year". International Monetary Fund. April 2, 1950 – via Google Books.
  8. ^ "Ernesto 'Che' Guevara".
  9. ^ "Raúl Cepero Bonilla".
  10. ^ "Orlando Pérez Rodríguez".
  11. ^ "Raúl León Torrás".
  12. ^ "Héctor Rodríguez Llompart".
  13. ^ "Francisco Soberón Valdés".
  14. ^ "Evolución de la estructura jurídica".
  15. ^ "Cuban Parliament appoints members of the Council of Ministers". Agencia Cubana de Noticias. 23 December 2019.
  16. ^ "Cuba appoints new Minister President of the Central Bank". 16 February 2023.
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23°08′21″N 82°21′12″W / 23.1393°N 82.3533°W / 23.1393; -82.3533


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