Catalog
5 Pesos Convertibles
| Issuer | Banco Central de Cuba |
|---|---|
| Year | 2006-2017 |
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| Value | Log in to see details |
| Currency | Convertible peso (1994-2020) |
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| Obverse description | The right half of the obverse is occupied by an intaglio vignette of the Monument to Antonio Maceo, a multi-tiered stone pedestal surmounted by an equestrian figure, with relief sculptures at its base; the inscription "MONUMENTO A ANTONIO MACEO" appears below. The denomination "CINCO PESOS" is printed in large bold letterpress at centre over a multicolour guilloche underprint of interlocking geometric and rosette patterns in green, orange and gold, with "pesos convertibles" and a convertibility guarantee text below. The issuer name "Banco Central de Cuba" appears at upper left alongside the bank's monogram seal, with the year date and the president's signature at lower left. |
|---|---|
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| Reverse lettering | 5 PESOS CONVERTIBLES PROTESTA DE BARAGUA |
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| Comments |
Cuba's dual currency system, introduced in the 1990s as a response to the collapse of Soviet subsidies, created two parallel peso series circulating simultaneously — the CUP for ordinary Cubans and the CUC (Peso Convertible) for tourist transactions and hard-currency commerce. This note belongs to the CUC series, which was nominally pegged one-to-one with the US dollar throughout its existence. The peg was administrative fiction backed by no external reserves, enforced entirely by state decree.
The entire CUC series was permanently withdrawn in January 2021 when the dual currency system was abolished — a long-delayed unification that immediately triggered severe inflation in the domestic economy.