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10 Pesos Convertibles

Issuer Banco Central de Cuba
Year 2006-2013
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Size 150 × 70 mm
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Obverse lettering Banco Central de CUBA 10 DIEZ PESOS pesos convertibles AÑO 2006 MONUMENTO A MAXIMO GOMEZ
(Translation: Central Bank of Cuba 10 Ten Pesos Convertible Pesos Year 2006 Monument of Máximo Gómez)
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Protection description Portrait of José Martí and electrotype numeral 10
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Comments

Cuba's convertible peso series was issued specifically for tourist and hard-currency transactions, operating entirely parallel to the regular Cuban peso — a dual monetary system that persisted until the unification of January 2021. The convertible peso was pegged one-to-one with the US dollar, making these notes a mechanism for capturing foreign exchange within the domestic economy rather than instruments of ordinary commerce.

Printed domestically by Impresos de Seguridad, the series is notable for keeping production entirely in-house — unusual for a small-island currency that might otherwise rely on specialist foreign security printers. The watermark is the sole listed security feature, a relatively modest specification for a note whose economic function was to substitute for hard currency.

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