1 Peso Nationalization of Banking

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.