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5 Convertibles Pesos 2008, Cuba

in Krause book Number: FX48
Years of issue: 2008
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.

5 Convertibles Pesos 2008

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

Avers:

5 Convertibles Pesos 2008

monumentThe monument to Antonio Maceo located on Malecón seaside boulevard, near the Hermanos Ameijeras Hospital, major hospital in Cuba.

The marble statue was designed by Italian artist Domenico Boni and was erected in 1916. The sculpture depicts the general on horseback, going on the attack.

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

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

Revers:

5 Convertibles Pesos 2008

"The Baragua Protest" in Mangos de Baragua.

Antonio Maceo was one of the officers who opposed the signing of the Pact of Zanjón, which ended the Ten Years War. He and other mambises (independence soldiers) met with General Martínez-Campos on March 15, 1878, to discuss the peace terms, but Maceo argued that no peace could be achieved if none of the objectives of the war had been accomplished, chief among these aims was the abolition of slavery in Cuba and Cuban independence. The only immediate benefit was amnesty for those involved in the conflict and liberty for the black soldiers who had fought in the "Liberator Army". Maceo did not recognize the treaty as valid and did not adhere to the proposed amnesty. This meeting, known as the Protest of Baraguá ("Protesta de Baraguá"), began when a messenger was sent to Maceo from another Cuban high officer, who proposed an ambush against the Spanish general. Maceo rejected the plan, informing the would-be conspirator via letter: “I don’t want victory, if it goes accompanied with dishonor”.

"Thus was manifested the intransigent spirit of the Cuban people which did not want peace without independence, a spirit which has continued to be manifested", referring to this event, Marti said, “I have now before me the Baragua Protest, which is one of the most glorious pages of our history”.

Arsenio Martínez-Campos y Antón, December 14, 1831 - September 23, 1900), was a Spanish officer, who rose against the First Spanish Republic in a military revolution in 1874 and restored Spain's Bourbon dynasty. Later he became Captain-General of Cuba. As soldier and politician, he took part in the wars in Africa, Mexico, Cuba and the last Carlist war.

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.