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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 |
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| Obverse description | The obverse carries an intaglio vignette of the Camilo Cienfuegos monument at right, rendered in blue against a multicolour guilloche underprint with a central floral rosette in gold and orange tones. The issuer title 'Banco Central de Cuba' appears in multicolour letterpress at upper left alongside the bank monogram, with the denomination 'VEINTE PESOS' overprinted in large blue intaglio letters at centre, accompanied by a guarantee text in Spanish below. The serial number and series prefix are printed in red at left and right, with the year date and presidential signature appearing at lower left. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse illustrates the 'Operación Milagro' humanitarian programme through a composite vignette showing ophthalmologists performing eye surgery alongside a scene of passengers disembarking from a jet aircraft, rendered in multicolour offset print. The denomination numeral '20' appears at upper right, with the programme name and denomination inscriptions set within a structured border of guilloche patterning. |
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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.