Soberon - Cuban bank system had a successful 2002

- Central Banking staff
- 07 Jan 2003

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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.

Throughout the year, the Cuban peso was bought and sold at a rate of 26/27 for each US dollar, said Soberon.

He spoke during a meeting of the Cuban financial system to review the year.

"To achieve stability, we have had the necessary information and

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