Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
1 Peso Convertible
| Issuer | Banco Nacional de Cuba |
|---|---|
| Year | 1994 |
| Type | Log in to see details |
| Value | 1 Peso (1 CUC) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO NACIONAL DE CUBA UN PESO pesos convertibles GARANTIZADO INTEGRAMENTE POR VALORES INTERNACIONALES DE LIBRE CONVERTIBILIDAD. ES CANJEABLE POR DIVISAS LIBREMENTE CONVERTIBLES EN EL BANCO NACIONAL DE CUBA MONUMENTO A JOSE MARTI (Translation: National Bank of Cuba One Peso Convertible Pesos Totally guaranteed with international values of free convertibility. Can be exchanged for freely convertible currencies at the National Bank of Cuba. Monument to José Martí) |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Watermark |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
Cuba's convertible peso series launched in 1994 as the government's response to the "Special Period" — the economic crisis triggered by the Soviet collapse. The convertible peso was engineered to absorb US dollars circulating informally after the decriminalization of dollar possession that same year, creating a parallel currency that would shadow the greenback while keeping hard currency flows under state control.
Thomas De La Rue's involvement reflects the political oddity: a British security printer producing currency for a socialist state locked in US embargo. The watermark is the sole listed security feature — modest specification for a De La Rue product, suggesting the note was treated more as a scrip instrument than a high-security issue.