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1 Centavo INTUR
| Issuer | Instituto Nacional de Turismo |
|---|---|
| Year | 1988 |
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| Composition | Log in to see details |
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| In circulation to | 15 October 2001 |
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| Obverse description | A stylized standing deer (likely a Cuban white-tailed deer) occupies the central field, depicted in profile facing left with antlers raised. The curved legend INSTITUTO NACIONAL DE TURISMO arcs around the upper periphery, while the date 1988 and the word CUBA appear in the lower field, separated by small dot ornaments. |
|---|---|
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| Edge | Plain |
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| Additional information |
Cuba's Instituto Nacional de Turismo issued a parallel currency series in the 1980s specifically to extract hard currency from foreign visitors while keeping them financially isolated from the domestic peso economy. These INTUR centavos circulated exclusively in tourist-facing establishments — hotels, dollar shops, and Varadero beach concessions — and were officially non-exchangeable by Cuban nationals. The system was a direct mechanism for the Castro government to capture foreign exchange without it bleeding into the broader population.
The series was withdrawn following the 1993 legalization of the US dollar in Cuba, which made the tourist coinage redundant almost overnight.