Central Bank of Cuba

The Central Bank of Cuba, also known as the Banco Central de Cuba (BCC), is the central bank of the Republic of Cuba. It is responsible for the monetary and financial systems of the country, including the issuance and regulation of currency.

The BCC was established in 1997 and is headquartered in Havana. It is responsible for the issuance and regulation of the Cuban peso, the country’s official currency. The BCC also issues a variety of other financial instruments, such as bonds and banknotes.

The BCC is also responsible for the regulation of the country’s banking system and oversees the activities of all financial institutions operating in Cuba. It also licenses and supervises money services businesses and securities dealers.

The BCC is also involved in the development of new products and technologies to improve the country’s monetary and financial systems. For example, the bank has introduced new anti-counterfeiting technologies such as micro-engraving and holographic images to protect its currency from counterfeiting.

The BCC is also involved in promoting the culture and history of Cuba through its currency designs. Many of the designs on its banknotes feature traditional Cuban symbols and motifs, such as historical figures, landmarks and national parks.

In summary, the Central Bank of Cuba (BCC) is the central bank of the Republic of Cuba and responsible for the monetary and financial systems of the country including the issuance and regulation of currency. The BCC also regulates the banking system and oversees the activities of all financial institutions operating in Cuba. The bank is involved in developing new products and technologies to improve the country’s monetary and financial systems and promoting the culture and history of Cuba through its currency designs.

Content updated 1/25/23

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