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Banking

The Banking sector in Cuba

30 posts
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What Will Happen in the National Banking System?

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What will happen in the national banking system was addressed on the nightly television production Mesa Redonda (Round Table) by the head of the Commission for Implementation and Development of the Guidelines, Marino Murillo; the Minister-President of the Cent... More »

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Currency Unification to Begin January 1

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In a televised address to the nation, Cuban President Miguel Díaz-Canel, in the presence of Raul Castro, First Secretary of the Communist Party, made the announcement that the country will begin the currency unification process on January 1, 2021. The Official... More »

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Currency Unification Gets Closer

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Currency unification is on the horizon, although it, in itself, is not enough to reorder and update Cuba’s economy according to some experts. Unification of Cuba’s system of money will be a part of the entire process to strengthen national economic performance... More »

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Cuban-Italian Launches a Bitcoin Exchange in Cuba

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The technology news website Decrypt reported that a Cuban-Italian entrepreneur has launched a bitcoin peer-to-peer trading platform in Cuba. Known as Qbita-a, the developer Mario Mazzola describes it as “a system built in Cuba for Cubans.” Mazzola claims it to... More »

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Remittances: Aiding the Individual or Private Business?

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The eventual legalization of small and medium-sized private companies, together with the strengthening and greater autonomy of municipalities in the new territorial division endorsed by the new Cuban Constitution could become opportunities for investment of re... More »

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