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50 Pesos First Cuban Railroad
| Issuer | Banco Nacional de Cuba |
|---|---|
| Year | 1989 |
| Type | Non-circulating coin |
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| Obverse description | The Cuban national coat of arms occupies the central field, rendered in detail with the traditional elements of the shield, Phrygian cap, oak and laurel branches, and rising sun. A curved legend along the upper rim reads REPUBLICA DE CUBA, with BANCO NACIONAL DE CUBA arcing below. The face value 50 PESOS appears in the lower exergual area beneath the arms. |
|---|---|
| Obverse script | Latin |
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| Additional information |
Cuba's first railroad, inaugurated in November 1837, predated Spain's own domestic rail network — a fact that irritated Madrid considerably and reflected the sugar industry's desperate need to move cane from interior plantations to coastal ports. The line ran between Havana and Bejucal, financed largely by Creole planters rather than the colonial government.
This 1989 issue belongs to a sustained hard-currency program the Castro government ran through the 1980s, selling commemorative gold abroad to generate foreign exchange it couldn't obtain through trade.