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10 Pesos Convertibles
| Issuer | Banco Nacional de Cuba |
|---|---|
| Year | 1994 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Cotton paper |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The reverse is dominated by a large, full-colour rendition of the Cuban national coat of arms at centre, set within a tricolour guilloche background of red, yellow, and green. The inscription 'REPUBLICA DE CUBA' arches across the top in bold red lettering, while the numeral '10' and 'PESOS CONVERTIBLES' appear at upper right. A red five-pointed star is printed to the left, and a legal tender clause in small text occupies the lower right corner. |
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| Protection type | Watermark, Security thread |
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| Comments |
Cuba's peso convertible system was introduced in 1994 as a direct response to the severe economic crisis following the Soviet collapse — the so-called "Special Period." The convertible peso was pegged to the US dollar at par, creating a two-currency economy that formally divided the island's commercial life into dollar-accessible and peso-only tiers for over two decades.
Thomas De La Rue's involvement is notable given the US embargo; routing the contract through London was standard practice for Cuban currency production throughout this period. The series was eventually demonetized in 2021 when the dual-currency system was officially abolished.