Cuba announces resignation of central bank chief

Cuba announced the resignation of its central bank chief as the communist-ruled state grapples with a deepening economic crisis.

Cuba announces resignation of central bank chief

Cuba announced the resignation of its central bank chief on Thursday as the communist-ruled state grapples with a deepening economic crisis.

Francisco Soberon Valdes, who held the cabinet-level post for nearly 15 years and shaped the Caribbean country's monetary policy, was stepping down with immediate effect, a government statement said.

Soberon was one of the last holdovers from the government of former Cuban leader Fidel Castro, who retired due to health problems in February 2008 and handed the presidency over to younger brother Raul Castro.

Soberon was replaced at his "own request" by Ernesto Medina, who has served as president of the state-run International Finance Bank since 2003.

Reuters

Güncelleme Tarihi: 05 Haziran 2009, 13:04
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