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1 Peso Merchant Navy of Cuba

Issuer Banco Nacional de Cuba
Year 1984
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Currency Cuban Peso (moneda nacional, 1914-date)
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Obverse lettering REPUBLICA DE CUBA ★ 1 PESO ★
(Translation: Republic of Cuba 1 Peso)
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Reverse script Latin
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Additional information

Cuba issued a substantial run of commemorative peso coins throughout the 1980s under the Banco Nacional, largely targeting the hard-currency collector market rather than domestic circulation — a foreign exchange strategy that quietly funneled Western money into the Cuban economy during a period of acute trade embargo pressure. This merchant navy piece belongs to that export-driven program.

Cuba's merchant fleet expanded significantly under Soviet assistance from the 1960s onward, reaching over 80 vessels by the early 1980s through MAMBISA, the state shipping enterprise founded in 1961.

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