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20 Pesos 'B' Foreign Exchange Certificates

Issuer Banco Nacional de Cuba
Year 1985
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Value 20 Pesos (20 CUP)
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Reverse description The central vignette occupies the full width of the note and presents an engraved view of the Castillo de la Real Fuerza in Havana, one of the oldest surviving European fortifications in the Americas, constructed in 1577. The massive stone ramparts, watchtower, and foreground cannon emplacements are rendered in fine line engraving against a guilloche underprint in green. The denomination 'VEINTE PESOS' appears in the upper right and lower left corners, with the numeral '20' at upper left and lower right, all within a decorative geometric border.
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Protection description No watermark
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Comments

Cuba's Foreign Exchange Certificate system was designed to create a hard-currency parallel economy without formally acknowledging the peso's inconvertibility. The 'B' series — this note among them — was restricted to Cubans, as opposed to the 'A' series issued to foreign visitors. That distinction mattered enormously: 'B' holders could access dollar-equivalent goods at INTUR shops, but the certificates also exposed their users to official scrutiny, since possession implied access to remittances or other foreign income.

Státní Tiskárna Cenin in Prague printed for numerous socialist-bloc states throughout this period, and their work on Cuban paper is generally identifiable by its characteristic intaglio registration.

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