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1 Peso
| Issuer | Banco Nacional de Cuba |
|---|---|
| Year | 1995 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 150 × 70 mm |
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| Printer | Log in to see details |
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| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO NACIONAL DE CUBA BANCO NACIONAL DE CUBA (in arms) 1 PESO JOSÉ MARTÍ GARANTIZADO INTEGRAMENTE CON EL ORO, CAMBIO EXTRANJERO CONVERTIBLE EN ORO Y TODOS LOS DEMÁS ACTIVOS DEL BANCO NACIONAL DE CUBA. ESTE BILLETE CONSTITUYE UNA OBLIGACIÓN DEL ESTADO CUBANO. (Translation: National Bank of Cuba National Bank of Cuba (in arms) 1 Peso José Martí Fully Guaranteed with the gold, foreign exchange convertible into gold and all the other assets of the National Bank of Cuba This note constitutes an obligation of the Cuban State.) |
| Reverse description | Sugar cane harvesting and processing. |
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| Comments |
Cuba's capacity to print its own security paper by the mid-1990s was not incidental — it was a direct response to the U.S. embargo, which complicated procurement of banknote paper and foreign printing contracts for decades. Impresos de Seguridad, the state security printing facility in Havana, had been producing notes domestically since the early 1980s, reducing that dependency.
The 1995 date places this note deep in the "Special Period," the severe economic contraction that followed the Soviet Union's collapse and the abrupt end of preferential trade arrangements Cuba had relied on since 1960. The peso's purchasing power had collapsed in practice, with a thriving parallel dollar economy operating openly alongside it.