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20 Pesos 'C' Foreign Exchange Certificate-Round 'C'

Issuer Banco Nacional de Cuba
Year 1985
Type Exchange certificate
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Obverse lettering CERTIFICADO DE COMPRA
BANCO NACIONAL DE CUBA
VEINTE PESOS
20
Reverse description The reverse is printed entirely in blue on white paper with a fine guilloche underprint across the entire surface. The denomination 'VEINTE PESOS' is printed in bold letters at centre, with the numeral '20' repeated in each corner. Two ruled lines are provided for bearer and payer signatures, labelled 'FIRMA DEL TENEDOR EN PRESENCIA DEL PAGADOR' and 'FIRMA DEL TENEDOR', with a further line marked 'FECHA DE EMISION'. A validity clause along the lower margin reads 'CADUCA A LOS CINCO AÑOS DE EMITIDO'.
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Comments

Cuba's Foreign Exchange Certificates were a parallel currency system designed to extract hard currency from tourists and diplomats while keeping it out of ordinary Cubans' hands. The "C" series — distinguished by an overprinted round "C" device — was specifically restricted to convertible-peso transactions at government-controlled dollar stores called "diplotiendas," where imported goods unavailable through the rationing system could be purchased.

Státní Tiskárna Cenin had been printing Cuban notes since the early revolutionary period, a relationship rooted in Cold War bloc solidarity rather than competitive tender. The FX certificate series was never intended to circulate freely; possession by Cuban nationals was, at various points, a criminal offense.

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