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July 16, 1993 | From Times Staff and Wire Reports
Cuba Talking to Foreign Banks: In the most recent move toward relaxation of government controls on its socialist economy, Cuba is talking to foreign banks about opening offices on the island, the deputy governor of the central bank told an investment conference in Cancun, Mexico. Discussions of joint banking ventures with several international banks are in preliminary stages, said Raul Amado. Currently, Cuba has three banks, all government-owned.
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BUSINESS
July 16, 1993 | From Times Staff and Wire Reports
Cuba Talking to Foreign Banks: In the most recent move toward relaxation of government controls on its socialist economy, Cuba is talking to foreign banks about opening offices on the island, the deputy governor of the central bank told an investment conference in Cancun, Mexico. Discussions of joint banking ventures with several international banks are in preliminary stages, said Raul Amado. Currently, Cuba has three banks, all government-owned.
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