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1 Peso Merchant Navy of Cuba
| Issuer | Banco Nacional de Cuba |
|---|---|
| Year | 1984 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Cuban Peso (moneda nacional, 1914-date) |
| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| 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.