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1 Peso Nationalization of Banking
| Issuer | Banco Nacional de Cuba |
|---|---|
| Year | 1975 |
| Type | Log in to see details |
| Value | 1 Peso (1 CUP) |
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| Obverse description | Oval vignette of José Martí at left with his name inscribed below, accompanied by the coat of arms of the Banco Nacional de Cuba to the right; the face value appears at center in both numeral and text, with the issuer name across the top and the commemorative inscription referencing the 15th anniversary of banking nationalization below. The note is printed in olive green, with serial numbers in dark red. |
|---|---|
| Obverse lettering | BANCO NACIONAL DE CUBA XV ANIVERSARIO DE LA NACIONALIZACION DE LA BANCA 1 PESO BANCO NACIONAL DE CUBA (in arms) JOSÉ MARTÍ GARANTIZADO INTEGRAMENTE CON EL ORO, CAMBIO EXTRANJERO CONVERTIBLE EN ORO Y TODOS LOS DEMÁS ACTIVOS DEL BANCO NACIONAL DE CUBA. ESTE BILLETE CONSTITUYE UNA OBLIGACIÓN DEL ESTADO CUBANO. (Translation: National Bank of Cuba 15th. anniversary of the nacionalization of banking 1 Peso National Bank of Cuba (In arms) José Martí Fully Guaranteed with the gold, foreign exchange convertible into gold and all the other assets of the National Bank of Cuba This note constitutes an obligation of the Cuban State.) |
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| 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.