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February 16, 2023
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The Government dismisses the president of the Central Bank of Cuba without giving explanations

The Government dismisses the president of the Central Bank of Cuba without giving explanations

The Cuban government dismissed this Wednesday the president of the Central Bank of Cuba (BCC), Martha Wilson González, after four years in office. Her position will be occupied by Joaquín Alonso Vázquez, until now president of the state Exchange Houses (Cadeca).

Without giving explanations about this movement, which intervenes while waiting for a judgment of a London court on a debt of 72 million dollars of the Cuban State, cubadebate extols the figure of Alonso Vázquez59 years old, of whom he says that “during his career he received postgraduate training, which technically and professionally qualify him to hold this position.”

Before starting to preside over Cadeca, in 2017, the official went through different positions in the state banking sector, from provincial deputy director of Banco Popular de Ahorro in Havana to vice president of Banco Popular de Ahorro.

As for Wilson González, he limits himself to saying that “the effort made was recognized and, consequently, other activities will be assigned to him.”

In addition, he has held political positions, as a delegate of the Popular Power and vice president of the National Association of Economists and Accountants of Cuba in Havana, “with positive results,” ponders Cubadebate.

As for Wilson González, who was appointed president of the BCC in 2019, the official media outlet limited itself to saying that “the effort made was recognized and, consequently, other activities will be assigned to her.”

He is the second minister president of the BCC since the election as president of Cuba of Miguel Díaz-Canel, who this 2023 concludes the five years of his first term and is eligible for a second.

The dismissals of ministers are not common in Cuba. Parliamentary elections will be held this March and the new Legislature will nominate a president who will in turn form a new Council of Ministers.

Last October, the energy and mines minister was replaced after months of long daily blackouts in much of the country. Liván Arronte then left office and Vicente de la O Levy took over.

Earlier this year, it came up in an article in cubadebate that the international reserves of the country they had fallen by 2.550 million dollars in two years (2019 and 2020), while international reserves amounted to 11,528 million dollars in 2018. Figures from the International Bank for Settlements indicate that deposits of Cuban banks, including the Central Bank, fell by 1,950 million dollars between 2018 and 2020, a figure close to that disclosed in the official press.

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