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Central Bank Of Cuba
The Central Bank of Cuba ( es, 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 ( es, Banco Nacional de Cuba, links=no), which was established on 23 December 1948 and had begun operations on 27 April 1950. The current president of the bank is Marta Sabina Wilson González. Organization The bank is headed by a single president with five vice-presidents: * 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 *Joaquín Martínez Sáenz, April 1952 – 1958 *Felipe Pazos, January 1959 – November 1959 *Che Guevara, 26 November 1959 – 1961 * Raú ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francisco Soberón Valdés
Francisco is the Spanish and Portuguese form of the masculine given name '' Franciscus''. Nicknames In Spanish, people with the name Francisco are sometimes nicknamed " Paco". San Francisco de Asís was known as ''Pater Comunitatis'' (father of the community) when he founded the Franciscan order, and "Paco" is a short form of ''Pater Comunitatis''. In areas of Spain where Basque is spoken, " Patxi" is the most common nickname; in the Catalan areas, "Cesc" (short for Francesc) is often used. In Spanish Latin America and in the Philippines, people with the name Francisco are frequently called " Pancho". " Kiko" is also used as a nickname, and " Chicho" is another possibility. In Portuguese, people named Francisco are commonly nicknamed " Chico" (''shíco''). This is also a less-common nickname for Francisco in Spanish. People with the given name * Pope Francis is rendered in the Spanish and Portuguese languages as Papa Francisco * Francisco Acebal (1866–1933), Spanish writ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Cuba
The economy of Cuba is a mixed command economy dominated by state-run enterprises. Most of the labor force is employed by the state. In the 1990s, the ruling Communist Party of Cuba encouraged the formation of worker co-operatives and self-employment. In the late 2010s, private property and free-market rights along with foreign direct investment were granted by the 2018 Cuban constitution. Foreign direct investment in various Cuban economic sectors increased before 2018. , public-sector employment was 76% and private-sector employment (mainly composed of self-employment) was 23%, compared to the 1981 ratio of 91% to 8%. Investment is restricted and requires approval by the government. In 2019, Cuba ranked 70th out of 189 countries on the Human Development Index, placed in the high human development category. , the country's public debt comprised 35.3% of GDP, inflation (CDP) was 5.5%, and GDP growth was 3%. Housing and transportation costs are low. Cubans receive government-s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank (" lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Cuba
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of Credit (finance), credit and lending that had th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cuban Convertible Peso
The convertible peso (sometimes given as ''CUC$'' and informally called a ''cuc'' or a ''chavito'') was one of two official currencies in Cuba, the other being the Cuban peso. It had been in limited use since 1994, when its value was pegged 1:1 to the United States dollar. On 8 November 2004, the U.S. dollar ceased to be accepted in Cuban retail outlets and left the convertible peso as the only currency in circulation in many Cuban businesses. Officially exchangeable only within the country, its value was increased to in April 2005, but reverted to on 15 March 2011. The convertible peso was, by the pegged rate, the twelfth-highest-valued currency unit in the world and the highest-valued "peso" unit. On 22 October 2013, it was announced that the currency was to be scrapped. On 10 December 2020, it was announced that monetary unification would take effect from 1 January 2021. From that date, the CUC was no longer accepted in many Cuban businesses; it could only be exchanged in b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banks And Currencies Of The Caribbean
This is a list of the central banks and currencies of the Caribbean. There are a number of currencies serving multiple territories; the most widespread are the East Caribbean dollar (8 countries and territories), the United States dollar (5) and the euro (4). ;Surrounding countries and territories See also * List of banks * Economy of the Caribbean * Currencies of the British West Indies * International status and usage of the euro * List of countries by leading trade partners * List of Latin American and Caribbean countries by GDP growth * List of Latin American and Caribbean countries by GDP (nominal) * List of Latin American and Caribbean countries by GDP (PPP) This is a list of Latin American and the Caribbean countries by gross domestic product at purchasing power parity in international dollars according to the International Monetary Fund's estimates in the April 2022 World Economic Outlook database. ... References {{Caribbean topics Caribbean ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Cuba
This article discusses banking in Cuba and gives an overview of the recent past. For details on the Cuban economy in general, see ''economy of Cuba''. History Following the Cuban Revolution of the 1950s, the Cuban banking sector came under the control of the new regime. The new authorities famously appointed Che Guevara as President of the National Bank of Cuba ( es, Banco Nacional de Cuba) in 1959. Guevara often retold the apocryphal story of how he gained the job at the bank; Fidel Castro had asked if there were an ''economista'' in the room and he had put his hand up – much to Castro's surprise. Guevara had mistakenly thought that Castro had asked for a '' comunista''. Guevara's appointment seemed somewhat ironic, as he often condemned money, favored its abolition, and showed his disdain by signing Cuban banknotes with his nickname, "Che." The 1990s saw the restructuring of the Cuban banking system, with new commercial banks created, and a new central bank, "Banco Central de C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Nacional De Cuba V
Banco may refer to: Places * Banc (Barcelona Metro), also called Banco, a closed metro stop on the Barcelona metro * Banco, Virginia, an unincorporated community * Banco, West Virginia, an unincorporated community * Banco National Park, a national park in Côte d'Ivoire * Banko, Guinea, a town and sub-prefecture in the Dabola Prefecture in the Faranah Region * Banko, Mali, a rural commune and village in the Cercle of Dioïla in the Koulikoro Region * Banko, a town in the Sekyere Kumawu district og Ghaba Arts and architecture * ''Banco'' (Banco del Mutuo Soccorso album), 1975 album by Italian progressive rock band Banco del Mutuo Soccorso * ''Banco'' (Sir Michael Rocks album), 2014 album by American rapper Sir Michael Rocks * ''Banco'' (novel), 1972 autobiography by Henri Charrière * Banco architecture, a West African type of mudbrick, and the architecture made with it * Banco (building material); fermented mud; made by fermenting mud with rice husks * Banco (typeface), a dec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance And Prices (Cuba)
The Ministry of Finance and Prices of Cuba is responsible for managing the public finances of Cuba, including budget, tax, treasury, price and public credit policies. History The organization was called Ministry of Finance from 1902 to 1965. Between 1965 and 1976, the ministry was abolished and its functions passed to the Central Bank of Cuba. Between 1976 and 1994, these functions were transferred to the State Finance Committee. Finally, in 1994, the State Finance Committee merged with the State Price Committee to form the current Ministry of Finance and Prices. Ministers of Finance 1902-1959 () * José García Montes, May 1902 - March 1905http://www.latinamericanstudies.org/book/Motivos.pdf * Juan Rius Rivera, March 1905 - May 1906 * Ernesto Font Sterling, May 1906 - September 1906 * Gabriel García Echarte, September 1906 - January 1909 * Marcelino Díaz de Villegas, January 1909 - July 1909 * Francisco de P. Machado, August 1910 - April 1911 * Rafael Martínez Ortíz, April ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irma Margarita Martínez Castrillón
Irma may refer to: People * Irma (name), a female given name * Irma (singer), full name Irma Pany, a Cameroonian female singer-songwriter Places * Irma, Alberta, Canada, a village * Irma, Lombardy, Italy, a ''comune'' * Irma, Wisconsin, USA, an unincorporated community * 177 Irma, a fairly large and dark main belt asteroid Brands and enterprises * Irma (supermarket), a Danish supermarket chain * IRMA board, an early interface card for PCs and Macs * Irma Hotel, a landmark built in Cody, Wyoming by "Buffalo Bill" Cody (it is still open for business as both a hotel and restaurant) * Irma Records, an Italian record label Other uses * Irma (dog), a Dickin Medal-winning dog * Operation Irma, a series of airlifts of civilians during the Siege of Sarajevo * SS ''Irma'' (1905), a Norwegian merchant ship sunk in controversial circumstances in 1944 * Tropical Storm Irma, various storms named Irma ** Hurricane Irma, the 9th named storm of the 2017 Atlantic hurricane season * Instit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ernesto Medina Villaveiran
Ernesto, form of the name Ernest in several Romance languages, may refer to: * ''Ernesto'' (novel) (1953), an unfinished autobiographical novel by Umberto Saba, published posthumously in 1975 ** ''Ernesto'' (film), a 1979 Italian drama loosely based on the novel * Hurricane Ernesto (other), several hurricanes or People *Ernesto Abella, Filipino businessman, politician, and writer * Ernesto Aguero (born 1969), Cuban weightlifter *Ernesto Alonso (1917–2007), Mexican actor, director, cinematographer, and producer *Ernesto Amantegui Phumipha (born 1990), Thai footballer *Ernesto Basile (1857–1932), Italian architect *Ernesto Cesàro (1859–1906), Italian mathematician *Ernesto De Curtis (1875–1937), Italian composer * Ernesto Farías (born 1980), Argentine footballer *Ernesto Figueiredo (born 1937), also known as "Ernesto", Portuguese footballer * Ernesto Guevara de la Serna (1928–1967), also known as "El Che" or "Che Guevara" *Ernesto Geisel (1908-1996), Brazilian p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
