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20 Pesos Convertibles
| Issuer | Banco Central de Cuba |
|---|---|
| Year | 2006-2008 |
| Type | Log in to see details |
| Value | 20 Pesos (20 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 | Banco Central de CUBA 20 VEINTE PESOS pesos convertibles GARANTIZADO INTEGRAMENTE POR VALORES INTERNACIONALES DE LIBRE CONVERTIBILIDAD. ES CANJEABLE POR DIVISAS LIBREMENTE CONVERTIBLES EN EL BANCO CENTRAL DE CUBA MONUMENTO A CAMILO CIENFUEGOS PRESIDENTE DEL BANCO AÑO 2008 |
| Reverse description | Log in to see details |
| Reverse lettering | OPERACION MILAGRO 20 PESOS CONVERTIBLES |
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| Comments |
The "pesos convertibles" system was a two-currency arrangement unique to post-Soviet Cuba, introduced in 1994 partly to absorb dollars circulating outside state control after the Soviet subsidies collapsed. The CUC was pegged at parity with the US dollar and reserved largely for tourist-facing transactions, while ordinary Cubans received salaries in regular pesos — a deliberate stratification that created a persistent parallel economy for over two decades.
This series was eventually demonetized in January 2021 when the Cuban government abolished the dual-currency system entirely. Notes from the 2006–2008 printings had limited circulation life before that unwinding began.