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3 Pesos

Issuer Banco Central de Cuba
Year 2004-2006
Type Standard circulation banknote
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Obverse lettering BANCO CENTRAL DE CUBA 3 PESOS ANO 2004 ERNESTO GUEVARA
(Translation: Central Bank of Cuba)
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Reverse lettering REPUBLICA DE CUBA 3 PESOS CHE - PRECURSOR DEL TRABAJO VOLUNTARIO
(Translation: Republic of Cuba Che - precursor of volunteer work)
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Comments

Cuba's three-peso denomination has always been politically loaded — it is the denomination traditionally associated with Che Guevara's image, a connection the Castro government maintained deliberately across multiple series. This 2004–2006 printing, produced domestically by Impresos de Seguridad, is notable precisely because Cuba had the in-house capacity to print its own currency by this point, something many comparable economies in the region lacked.

Watermark-only security on a note from this period reflects the limitations of the domestic facility rather than any policy choice about note security.