The Central Bank of Cuba (Spanish: Banco Central de Cuba - "BCC") functions as the central bank of Cuba. The Cuban government set it up in 1997 to take over many of the functions of the National Bank of Cuba. Francisco Soberón Valdés served as the Bank's President from its creation until he stepped down in 2009. He was replaced by Ernesto Medina, who had served as president of the state-run Banco Financiero Internacional since 2003 The President of the Central Bank serves ex officio as a member of the Council of Ministers of Cuba.
As with most Cuban government ministries, the Central Bank acts as both banking regulator and shareholder of much of the Cuban banking system.
Read more about this topic: Banking In Cuba
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