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100 Pesos Convertibles
| Issuer | Banco Central de Cuba |
|---|---|
| Year | 2006-2007 |
| Type | Log in to see details |
| Value | 100 Pesos (100 CUC) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse carries a vignette referencing the Bolivarian Alternative for the Americas (ALBA), incorporating a stylised map of Central and South America and the Caribbean, a satellite communications dish, figures of a man and woman reading, and an oil refinery complex, all set within a multicolour guilloche underprint. The denomination "100" appears in numeral form at left and right. Inscriptions in Spanish identify the ALBA initiative. |
| Reverse lettering | ALTERNATIVA BOLIVARIANA PARA LAS AMERICAS 100 PESOS CONVERTIBLES 100 100 (Translation: Bolivarian Alternative for the Americas 100 Pesos Convertibles) |
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| Comments |
The "pesos convertibles" system was Cuba's two-currency experiment, introduced in 1994 to absorb tourist dollars after the Soviet collapse gutted the peso's purchasing power. The CUC, pegged one-to-one with the US dollar, created a parallel economy that ordinary Cubans could access only through remittances or state-approved employment in tourism — a structural division that lasted until the system's gradual unification beginning in 2021.
The P#FX52 designation places this squarely in the foreign-exchange series, meaning it was never legal tender in the conventional sense but rather a convertible instrument within Cuba's controlled exchange framework.