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10 Pesos Convertibles
| Issuer | Banco Nacional de Cuba |
|---|---|
| Year | 1994 |
| Type | Log in to see details |
| Value | 10 Pesos (10 CUC) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | REPUBLICA DE CUBA 10 PESOS CONVERTIBLES ESTE BILLETE TIENE CURSO LEGAL Y FUERZA LIBERATORIA ILIMITADA. ES ADMITIDO EN PAGO DE LA OBLIGACION EN MONEDA LIBREMENTE CONVERTIBLE CONTRATADA O A COBRAR EN EL BANCO NACIONAL DE CUBA. |
| Signature(s) | Log in to see details |
| Protection type | Watermark, Security thread |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| 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.