100 Pesos

Cuba's Series 2001 banknotes were printed by the Canadian Bank Note Company — a contract that raised eyebrows given the U.S. embargo's reach into financial infrastructure, but Canada was never party to those restrictions. The 100 Peso denomination circulated at a time when the Cuban Peso was effectively a parallel currency to the Convertible Peso (CUC), and ordinary Cubans were paid in these while hard currency transactions ran through a separate system entirely. A single note represented roughly a month's state salary.

P#124 shares its watermark placement and thread specification with the broader Cuban series of this period — nothing anomalous about the security package, but the CBN printing relationship persisted well into the 2000s.