10 Peso Hippocampus Kuda

Cuba's late-period commemorative silver program, running through the 1990s and 2000s, was largely designed for the export collector market rather than domestic circulation — hard currency was functionally inaccessible to most Cuban citizens under the dual monetary system that split the peso cubano from the convertible peso. These pieces were sold internationally to generate foreign exchange revenue for the state.

The seahorse depicted is Hippocampus kuda, the spotted seahorse, native to Indo-Pacific waters rather than the Caribbean — an oddity worth noting for a Cuban issue.