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3 Pesos Convertibles

Issuer Banco Central de Cuba
Year 2006-2017
Type Standard circulation banknote
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Obverse description Red on multicolour underprint with green and yellow guilloche patterns. Central vignette shows an intaglio-engraved standing figure of the Monumento a Ernesto "Che" Guevara, with the large denomination numeral "3" at upper right and lower left corners; the issuer title "Banco Central de" appears in green at upper left alongside the bank's monogram cartouche. The denomination "TRES PESOS" is printed in bold red letterpress over a sunburst guilloche at centre, with the legend "pesos convertibles" and convertibility guarantee text below.
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Protection type Watermark
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Cuba has operated a dual-currency system since the mid-1990s, when the Peso Convertible (CUC) was introduced as a hard-currency substitute pegged to the US dollar — partly to capture remittances and tourism spending in state-run institutions while keeping the ordinary peso separate. The 3 CUC denomination is unusual globally; very few currencies issue a three-unit note, and its existence here reflects deliberate denomination planning for the convertible series rather than any practical gap-filling.

Impresos de Seguridad, the Cuban state security printer established in the 1970s, produced the entire CUC series domestically — a deliberate policy choice given the US embargo's restrictions on foreign printing contracts. The CUC itself was abolished in January 2021 as part of a monetary unification that had been announced and delayed repeatedly for years.

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