Cuba

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.

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