1 Peso Convertible

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.