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The creation of Banco Central de Cuba (BCC), as disposed by the Council of State by means of Decree-Law No. 172, of May 28, 1997, provided the country with an institution, capable of concentrating its efforts in the execution of its central banking functions and established a two-tier banking system integrated by Banco Central de Cuba and a group of banks and non-banking financial institutions, capable of coping with the needs which arise from the development of new ways to organise the internal and external economic relations of the country.
Presidente: Ernesto Medina Villaveirán