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100 Convertibles Pesos 2006, Cuba

in Krause book Number: FX52
Years of issue: 18.12.2006
Edition: --
Signatures: Presidente del Banco: Francisco Soberon Valdes
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.

100 Convertibles Pesos 2006

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 100. Ideal composite image pentagonal star on both sides. At a certain angle, the letters BNC can be readable. Microtext glows under ultraviolet.

Avers:

100 Convertibles Pesos 2006

monumentThe marble monument to Carlos Manuel de Céspedes located on Plaza de Armas, in Havana. The architect is Cheo Malanga.

This area was designed in the XVII century on the site of the old Plaza Mayor - the center of religious, administrative and political life of Havana.

The statue replaced one of unpopular Spanish king, Ferdinand VII, in 1955. (Lonely Planet)

In top right corner are seven Braille dots for visually impaired.

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

Revers:

100 Convertibles Pesos 2006

Topic - Education and telecommunications.

In the background is a view of the refinery, on left - satellite dish and the circuits of Central and South America.

In the foreground is a teacher teaches an elderly man in grammar.

Topic related to the organization of the ALBA (Alliance).

ALBA, formally the Bolivarian Alliance for the Peoples of Our America (Spanish: Alianza Bolivariana para los Pueblos de Nuestra América), is an intergovernmental organization based on the idea of the social, political and economic integration of the countries of Latin America and the Caribbean. The name "Bolivarian" refers to the ideology of Simón Bolívar, the 19th-century South American independence leader born in Caracas who wanted Hispanic America to unite as a single "Great Nation." Founded initially by Cuba and Venezuela in 2004, it is associated with socialist and social democratic governments wishing to consolidate regional economic integration based on a vision of social welfare, bartering and mutual economic aid. The eleven member countries are Antigua and Barbuda, Bolivia, Cuba, Dominica, Ecuador, Grenada, Nicaragua, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines and Venezuela. Suriname was admitted to ALBA as a guest country at a February 2012 summit. ALBA nations may conduct trade using a virtual regional currency known as the SUCRE. Venezuela and Ecuador made the first bilateral trade deal using the Sucre, instead of the US dollar, on July 6, 2010.

The name initially contained "Alternative" instead of "Alliance", but was changed on June 24, 2009.

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.