Cuba
Cuba gets first new governor in 14 years
Ernesto Medina, the head of one of Cuba's major banks, has replaced Francisco Soberon as governor of the central bank.
Interview with Central Bank of Cuba's Soberon
Cuba's central bank president Francisco Soberon said in an interview published this week that he was optimistic about recent moves to strengthen both the Cuban peso and the convertible Cuban peso. He also said the Cuban economy registered its first…
Cuba introduces tax on exchanging dollars
Cuba has introduced a 10% tax on the exchange of dollars, following restrictions introduced last week which outlawed the use of dollars in domestic transactions.
Cuba's new convertible currency introduced
The Cuban Convertible Peso, CUC, or "chavitos" as they have become known locally came into circulation on Monday 8 November, substituting the widely circulated US dollar, with the central bank saying the move would help the Cuban currency hold its value.
Interview with Central Bank of Cuba's Soberon
In an interview published this week, president Francisco Soberon of the Central Bank of Cuba said it would be extremely unwise for Cuba to change the one-to-one exchange rate to the dollar after the Cuban people have shown such confidence in the Cuban…
Cuba central bank chief says forex control working
Cuban central bank President Francisco Soberon said on September 15 that foreign exchange controls on state enterprises has substantially increased the central bank's reserves and made it easier to implement monetary policy, according to Reuters.
Cuban cb wants cooperation with Iran cb
In a meeting with the Iranian Ambassador to Havana on Friday, president of the central bank of Cuba Francisco Valdez expressed his interest in banking cooperation and the exchange of professional expertise with the Central Bank of Iran, according to an…
Soberon - Cuban bank system had a successful 2002
Cuba managed to maintain monetary stability in 2002, despite difficult tests faced by its banking system in 2002 as a result of the world economic crisis and its effects on the island, Francisco Soberon, president of the Central Bank of Cuba, has said.
U.S. coins to cease circulation in Cuba
UNITED STATES - U.S. dollar coins will be taken out of circulation from the Cuban foreign currency commercial network as of October, the island's Central Bank reported 28 August.
Cuban bank to stop services to 'deadbeat'companies
CUBA - The Cuban Central Bank plans to suspend banking services to deadbeat Cuban companies effective in January 2002, a bank spokesman said.
Cuba to aim for 5 percent economic growth in 2001
Cuba set a 2001 economic growth target of 5 percent on Dec 21 but said one of its strategic priorities would be reducing its swelling current account deficit.
Cuba tests new waters in foreign debt relief talks
Cuban envoys, testing uncharted waters, met foreign government representatives on Thursday to discuss what could amount to a landmark deal to alleviate the pain of Havana's crippling foreign debts.
Cuba to aim for new debt timetable
Cuba will present its case for a multilateral rescheduling of its foreign debt to western creditor governments this week. Cuban central bank officials and representatives of the Paris Club group of creditor nations are due to meet in the French capital…
Central Bank of Cuba is 50 years old
Today was the final day of celebrations of the 50th anniversary of the Central Bank of Cuba. The ceremony was held in the centrally located Melia Cohiba Hotel and was attended by 160 officials from 122 central banks and financial organisations from 70…