1 Peso

The Banco Nacional de Cuba was established in 1901 under the U.S. occupation government, part of a broader effort to stabilize Cuban finances following the war with Spain. Its early note issues were entirely dependent on American printing infrastructure — the ABNC held essentially a monopoly on prestige banknote production for Caribbean and Latin American clients at this period, and the relationship was as much political as commercial.

P#65 is scarce in any grade. The bank itself was reorganized and ultimately dissolved by 1921, and low-denomination notes from the 1905 series suffered heavy attrition in circulation.