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1 Peso Nationalization of Banking
| Issuer | Banco Nacional de Cuba |
|---|---|
| Year | 1975 |
| Type | Commemorative banknote |
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| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Central vignette of a ship at a naval port with industrial facilities in the background, evoking fifteen years of economic development under the revolutionary government. The country name appears across the top, with the face value rendered in both numerals and text in all four corners. Legal tender text runs along the lower portion. |
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| Variants | P#83a - Issued note (1950) |
| Comments |
Cuba's banking sector was nationalized in October 1960, but the commemorative framing of this 1975 note refers specifically to the fifteenth anniversary of that act — a politically motivated issue rather than a functional currency redesign. The Státní Tiskárna Cenin in Prague had been producing Cuban notes since the early years of the Revolution, part of a broader Soviet-bloc printing arrangement that supplied several socialist states with secure currency production after Western printers became unavailable or politically untenable.
P#106 circulated alongside several other denominations in the same 1975 series, all sharing the Prague origin. The anniversary designation appears in the note's title but not as a surcharge — it was integral to the original design brief.