- Monetary unit:
- the Country code:
- Cuba, Republic
- Cuban peso
- of 110 860 sq. km
- the Spanish (state)
- CU (CUB) 192
Monetary unit of Cuba, the Cuban peso which makes 100 centavo is. In the cash circulation there are notes of denomination 1, 3, 5, 10, 20, 50 and 100 peso.
Till 1914 in the country US dollars, and also the Spanish and French token moneys addressed. The Cuban peso is injected by the law from October, 28th, 1914 with the contents of gold of 900th hallmark of 1,6718 g, i.e. 1,50463 g of pure gold that corresponded to an US dollar gold content. Since 1915 national silver coins (in 1 peso 26,7295 g of silver of 900th hallmark contained) addressed. Till July, 1st, 1951 a lawful legal tender were also notes and coins of the USA. The gold coin standard is excellent on November, 21st, 1933 Since May, 22nd, 1934 after dollar devaluation of the USA an official gold content of Cuban peso was is reduced to 0,888671 g of pure gold.
After overthrow in January, 1959 of a reactionary system the Republic Cuba spends independent currency policy. The exchange of peso for dollars has been terminated to prevent an exchange of the peso removed by supporters of a reactionary system, running with Cuba. With that end in view from the circulation token moneys in 500 and 1000 peso have been withdrawn. In August, 1961 currency reform is spent. The exchange of old peso for the new was manufactured on a parity 1:1. At a time interchanged for seven 200 peso, other cash in limits to 10000 peso was paid into separate accounts under investments in the National bank of Cuba. In April, 1964 Cuba left IMF.
In the end of December, 2006 there was an issue of the new converted
Peso Central bank of Cuba. Decor of the last issue of 2006, practically does not differ from design of notes of the previous series:
The plotting placed on denominations, remained the same - monuments to heroes of revolution. However the plotting
Differs a high definition and camber of drawing that is reached by means of a metallographic seal.
The arrangement of numbers of a series, the bank name - Banco Central de Cuba instead of Banco National de has exchanged also
Cuba. As to a back of denominations of a series of 2006 its decor was essentially changed. On
Reverse the plotting relating to stories of Cuba is seated.
On a denomination in nominal value in 1 peso Jose Marti's struggle is represented; 3 peso - fight at Santa Clara; 5 peso -
Restoration in Baragua; 10 peso - revolutionary energy; in 20 peso - operation " "; 50 peso -
Fight of ideas; in 100 peso - Bolivarian alternative of America.
New denominations have such elements of protection, as a watermark in the form of Jose Marti's portrait and a digital designation
Nominal value which is at the left; a protective thread with an inscription " the Native land or death - we "
Seated to the left of the monument plotting; the latent plotting with a bank abbreviation - " ".
Token moneys of the previous issues are in circulation is equal in rights with new money. A difference between
Usual denominations of the country and convertible Cuban peso consists that for the last is characteristic
Great value and availability of more intensive colour scale in decor. They are manufactured in territory
The countries, behind its limits do not act.
It is updated 05.2012