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1 Centavo INTUR
| Issuer | Instituto Nacional de Turismo |
|---|---|
| Year | 1988 |
| Type | Standard circulation coin |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | INSTITUTO NACIONAL DE TURISMO • 1988 • CUBA • (Translation: National Institute of Tourism 1988 Cuba) |
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| Reverse script | Latin |
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| Additional information |
Cuba's Instituto Nacional de Turismo issued a parallel currency series in the 1980s specifically to extract hard currency from foreign visitors while keeping them financially isolated from the domestic peso economy. These INTUR centavos circulated exclusively in tourist-facing establishments — hotels, dollar shops, and Varadero beach concessions — and were officially non-exchangeable by Cuban nationals. The system was a direct mechanism for the Castro government to capture foreign exchange without it bleeding into the broader population.
The series was withdrawn following the 1993 legalization of the US dollar in Cuba, which made the tourist coinage redundant almost overnight.