Cuban President calls for the renovation of the national banking system | News

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Cuban President Miguel Díaz-Canel Bermúdez on Friday urged updating the country’s national banking system by implementing structural and organizational innovations, as well as new technologies and services.

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According to National Television News (NTV), the Cuban leader called for an assessment of current trends, including cryptocurrencies and other digital banking issues. Also, it should include ways to deal with the US blockade.

“We need to have a better view of how banking systems ‘move’ around the world, for which we need to seek international collaboration based on the training of our staff,” he said.

President Díaz-Canel Bermúdez said that the Cuban banking system still operates under a primary system, and although there is an understanding of the current problems as well as a path to a solution, specialists have not succeeded. to solve existing problems.

President Díaz-Canel urged the promotion of doctorates and masters in finance, in order to have enough “critical experts” to ensure management based on science and innovation. Meanwhile, Prime Minister Manuel

Marrero Cruz spoke of the urgency of “getting young people thinking, researching and making proposals” to have an efficient banking system like the one Cuba needs.

The Minister-President of the Central Bank of Cuba, Marta Sabina Wilson, provided details on the most urgent lines of science and innovation planned and developed by the national banking and financial system within the macro-programs whose National plan for economic and social development is set out. .

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