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1 Convertible Peso 2013, Cuba

in Krause book Number: FX46
Years of issue: 2013
Edition: --
Signatures: Presidente del Banco: Ernesto Medina Villaveiran
Serie: Convertibles Pesos
Specimen of: 18.12.2006
Material: Cotton fiber
Size (mm): 150 х 70
Printer: Los Talleres de Grabado en Acero y Timbre del Estado de La Habana, STC-P

* All pictures marked magnify are increased partially by magnifying glass, the remaining open in full size by clicking on the image.

** The word "Specimen" is present only on some of electronic pictures, in accordance with banknote images publication rules of appropriate banks.

1 Convertible Peso 2013

Description

Watermark:

watermark

Security strip with a repeating microprinted "Patria o Muerte - Venceremos" passes to the right of center. Banknote protected by a watermark in the form of a portrait of José Martí and the number 1. Ideal composite image pentagonal star on both sides. At a certain angle, the letters BNC can be readable. Microtext glows under ultraviolet.

Avers:

1 Convertible Peso 2013

monumentThe José Martí Memorial (Spanish: Monumento a José Martí) is a memorial to José Martí, a national hero of Cuba, located on the northern side of the Plaza de la Revolución in the Vedado area of Havana. It consists of a star-shaped tower, a statue of Martí surrounded by six columns, and gardens.

The 109 m. (358 ft.) tower, designed by a team of architects led by Raoul Otero de Galarraga, is in the form of a five-pointed star, encased in grey Cuban marble from the Isla de Pinos. The design was eventually selected from various entries put forward from a series of competitions beginning in 1939. Entries included a version of the tower topped with a statue of Martí, and a monument similar to the Lincoln Memorial in Washington, D.C. with a statue of Martí seated within. The fourth competition held in 1943 resulted in the selection of a design by the architect Aquiles Maza and the sculptor Juan José Sicre. In order to proceed with construction of the monument, the Monserrat Hermitage, which occupied the proposed site, had to be demolished. Various impediments to the acquisition of the Hermitage by the state led to delays in the demolition and the start of building work, so by 1952 – when Fulgencio Batista seized power in a coup – work on the construction had still not begun.

monumentEager to garner popular support after seizing power, Batista committed to pushing ahead with the construction of a monument to Martí; but rather than proceeding with the competition winner, he selected the design that had come third in the competition, created by a group of architects headed by Raoul Otero de Galarraga, a 1905 graduate of Harvard University, and included Enrique Luis Varela, Batista's Minister of Works and his personal friend, and Princeton University Professor Jean Labatut. The Monumento a Jose Marti was Raoul Otero de Galarraga's last major architectural and engineering project, and his proudest accomplishment. The base was huge and so deep that when looking from above, the men working below-grade looked like miniature men, and rebar was so heavy that six to eight men were required to carry each piece. The concrete, used to fill the base, took several days to pour.

The selection of this design caused something of a public outcry, and as a result the design was modified to remove the statue from the top of the tower, and to instead feature sculpturer Juan José Sicre's statue of Marti at the foot of the tower. Construction of the tower began in 1953 on the 100th anniversary of José Martí's birth. The marble was delivered to Havana from Isla de Pinos, then cut to the chief architect's specifications, and polished in Gallo's factory. Huge blocks of marble were sculpted by Sicre, one block at a time. Marti's thoughts were written in gold mosaic which came from Venice, Italy, and was personally inspected by Architect and Engineer, Raoul Otero de Galarraga and his son, Raul Otero.

The right to compensation for local inhabitants forced to move to make way for construction caused further problems; their case was taken up by a young Fidel Castro. The monument was finally completed in 1958 during the final days of the Batista dictatorship.

The selected design includes an enclosed observation deck on the top floor, the highest point in Havana, accessible by elevator which gives commanding views over the city in all directions. Housed on the ground floor of the tower which overlooks the city, the memorial features two rooms of correspondence, writings and items from the life of José Martí and displays relating his life story. A third room illustrates the history of the Plaza de la Revolucion, and a fourth room is used for displays of contemporary art. The centre of the tower houses the elevator and features walls decorated with quotes from Martí. Among other items on display is a replica of the sword of Simón Bolívar presented to Fidel Castro by Hugo Chávez during his visit to Cuba in 2002.

Outside, facing over the plaza and towards the mural of Che Guevara on the Ministry of the Interior on the opposite side of the square, is an 18 m (59 ft) white marble statue of Martí carved in situ by Sicre and surrounded by six half-height marble columns. The platform where the statue is located is used as a podium when rallies take place in the Plaza de la Revolución.

Tourists are able to ascend the memorial and enjoy the best panoramic view of Havana. However, many tourists have complained about the ad hoc charges that are administered by the memorial's officials, which varies wildly depending on the members of staff manning the ticket booths. Imposter groundspeople are not unknown to charge tourists to ascend the memorial steps.

In top right corner is one Braille dot for visually impaired.

Denominations are in lower left and top right corners, also centered.

Revers:

1 Convertible Peso 2013

Marti MartiThe painting by Cuban painter Esteban Valderrama (1892-1964) - "How do I imagine the death of José Martí" ("Así vio la caída en combate de José Martí"). At May 19, 1895 Marty was killed in a battle with the Spanish army at Dos Rios, near the confluence of the rivers Kontramaestre and Cauto.

Denominations are in lower left, top right and lower corners.

Comments:

The convertible peso (sometimes given as CUC$) (informally called a CUC or "chavito"), is one of two official currencies in Cuba, the other being the peso. It has been in limited use since 1994, when it was treated as equivalent to the U.S. dollar: its value was officially US$1.00. On 8 November 2004, the U.S. dollar ceased to be accepted in Cuban retail outlets leaving the convertible peso as the only currency in circulation in many Cuban businesses. Officially exchangeable only within the country, its value was increased to US$1.08 on 5 April 2008, and reverted to US$1.00 on 15 March 2011. The convertible peso is, by the pegged rate, the twelfth-highest-valued currency unit in the world and the highest valued "peso" unit.

On 22 October 2013 it was announced that the currency is to be scrapped by gradually unifying it with the lower-value Cuban peso.