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1 Peso Convertible

Issuer Banco Central de Cuba
Year 2006-2017
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Size 150 × 70 mm
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Reverse description The central vignette presents a finely engraved intaglio scene of the death of José Martí in battle at Dos Ríos, with mounted horsemen in close combat set against a rural landscape with trees and open field. A caption in letterpress identifies the scene below the vignette. The surrounding field is covered with a dense guilloche underprint in pink and yellow tones, with a braided columnar border element along the right edge and numeral "1" corner pieces incorporating star motifs.
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Protection type Watermark
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Comments

The convertible peso — the CUC — was introduced in 1994 as a tourist currency designed to capture hard-currency spending while keeping ordinary Cubans on the standard peso. This note circulated within a dual-currency system that was, by design, a mechanism of economic segregation: CUC-denominated goods and services were legally inaccessible to most wage earners until the system's eventual unification in January 2021.

Printed domestically by Impresos de Seguridad rather than contracted abroad, the series reflects Cuba's investment in sovereign printing capacity. Security provision is minimal — watermark only — which is consistent across the CUC series and a known vulnerability that facilitated counterfeiting during the note's later years of circulation.