25 Pesos

Banco Español de la Habana occupied a peculiar institutional position — chartered in 1856 under Spanish colonial authority, it held a monopoly on note issue in Cuba while simultaneously acting as the colonial treasury's primary financing mechanism. By 1889, that relationship had become strained: the bank was carrying substantial Cuban public debt on its books, much of it accumulated through Spain's military expenditures suppressing the Ten Years' War, which had ended a decade earlier but left lasting fiscal damage.

Bradbury Wilkinson supplied the printed sheets from their London works across the entire 1872–1891 run of this series, with dates and serial numbers completed locally in Havana. The bank collapsed in 1898 following Cuban independence, leaving large quantities of its notes unredeemed.