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100 Pesos Convertibles
| Issuer | Banco Nacional de Cuba |
|---|---|
| Year | 1994 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | P#FX43 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse presents the Cuban national coat of arms at center, a full-color rendering on a pale guilloche ground, flanked by oak and laurel branches. The header inscription "REPUBLICA DE CUBA" appears in large serif lettering across the top, with the denomination numeral "100" in orange at lower-left and upper-right corners. A legal tender clause in small text runs along the lower border within a tinted panel. |
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| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Embedded security thread running vertically through the note; watermark visible when held to light |
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| Comments |
The "convertible peso" series launched in 1994 was Cuba's answer to a dual-currency economy made official — the CUC system legally separated tourist and hard-currency transactions from the ordinary peso circuit used by Cuban nationals. This note was never intended for general domestic circulation; it functioned within a parallel system designed to capture foreign exchange and redirect it through state channels, effectively pricing out the standard peso from any transaction involving imported goods or tourist services.
The FX prefix in the Pick reference signals its foreign exchange certificate classification, a category that sits awkwardly between banknote and scrip. By 2021, the Cuban government abolished the dual-currency system entirely, rendering the convertible peso obsolete at a stroke.