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3 Pesos Convertibles
| Issuer | Banco Nacional de Cuba |
|---|---|
| Year | 1994 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 150 × 70 mm |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO NACIONAL DE CUBA TRES PESOS pesos convertibles GARANTIZADO INTEGRAMENTE POR VALORES INTERNACIONALES DE LIBRE CONVERTIBILIDAD. ES CANJEABLE POR DIVISAS LIBREMENTE CONVERTIBLES EN EL BANCO NACIONAL DE CUBA MONUMENTO A ERNESTO 'CHE' GUEVARA (Translation: National Bank of Cuba Three Pesos Convertible Pesos Totally guaranteed with international values of free convertibility. Can be exchanged for freely convertible currencies at the National Bank of Cuba. Monument to Ernesto 'Che' Guevara) |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Watermark |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
Cuba's convertible peso series was introduced in 1994 as part of a dual-currency system designed to capture foreign exchange revenue while ring-fencing hard currency from the ordinary peso economy. The CUC-denominated notes — of which this is one — circulated legally only in tourist shops, hotels, and state-run hard-currency outlets, effectively creating a two-tier monetary system that persisted until 2021.
Thomas De La Rue's involvement here is unremarkable for the period; they printed much of the Cuban convertible series. The watermark is the sole listed security feature, which places this firmly at the lower end of the production specification for the issue.