5 Pesos

Banco de Circulación y Descuento de Manuel Antonio de Luzarraga was one of several short-lived private banks of emission operating in Cuba under Spanish colonial authority during the 1850s and 1860s — institutions that competed directly with the officially chartered Banco Español de La Habana. Luzarraga himself was a prominent Havana merchant and slaveholder whose banking venture operated on thin legal ground, issuing currency backed primarily by commercial credit rather than specie reserves.

The bank collapsed well before Cuban monetary reform consolidated note-issuing rights. Surviving examples from this issuer are genuinely rare across all denominations, P#113A included.