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1 Peso Convertible

Emittent Banco Nacional de Cuba
Jahr 1994
Typ Standard circulation banknote
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Vorderseitenbeschreibung Central intaglio vignette of the Monument to José Martí at Revolution Square, Havana, with the face value spelled out in letters below; the seal of the Banco Nacional de Cuba is positioned at left, set against a guilloche underprint. A two-letter/two-digit series prefix appears in red at upper left and black at upper right, with a vertical red serial number at left and a horizontal black serial number at lower right, each preceded by a five-pointed star. The legend identifying the monument and the guarantee clause of the Banco Nacional de Cuba runs across the lower portion of the note.
Vorderseitenlegende 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)
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Anmerkungen

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.