Private banks in Cuba are now operating under the supervision of the central bank, leading the push for major economic and social reforms.
5 reports, 3 independent
Updated Oct 5
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- 5
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- Repetition
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New informationRepeats or wire copies
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What happened
Private banks in Cuba are now operating under the supervision of the central bank, leading the push for major economic and social reforms.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.New economic measures are implemented in Cuba, with the Central Bank supervising private banks.1 source
Central Bank issues licenses for private exchange houses in Cuba.1 source
- The official rate mechanism in Cuba is failing due to market disconnect.Sub-event
Details on the structure of Cuba's economic reforms, including central bank oversight of private banks.1 source
Keep exploring
Part of
Cuba is attempting to move its economy forward through reforms, but the viability of these changes is being limited by the existing U.S. embargo.Also in this story
- Banking system failures and difficulties faced by an individual in Cuba.
- Cuba's National Assembly approved 176 economic measures, which the US described as superficial smoke signals.
- Cuba is pursuing economic reforms, drawing inspiration from market policies in Vietnam and China.
The entities involved
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Cuba
sovereign state situated on an island in the Caribbean Sea
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central bank
public institution that manages a state's currency, money supply, and interest rates
Related events
- Officials confirm the central bank's role in macroeconomic policy in Cuba.
- Private businesses operate in a failing national system in Cuba.
- Marco Rubio sanctioned a Cuban institution, Karafarin Bank, for providing financial services to an Iranian bank.
- MLC operates in the informal market of Cuba while the Central Bank introduces new bills to facilitate transactions.
- The Central Bank of Cuba (BCC) has implemented new regulations specifically targeting local development projects.