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10 Convertibles Pesos 2011, Cuba

in Krause book Number: FX49
Years of issue: 2011
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.

10 Convertibles Pesos 2011

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

Avers:

10 Convertibles Pesos 2011

monumentThe monument to Máximo Gómez located on Malecón seaside boulevard.

On a large traffic island overlooking the mouth of the harbor is a rather grand statue on the right-hand side. Gómez was a war hero from the Dominican Republic who fought tirelessly for Cuban independence in both the 1868 and 1895 conflicts against the Spanish. The impressive bronze statue of him, sitting atop a horse, was created by Italian artist Aldo Gamba in 1935 and faces heroically out to sea. (Lonely Planet)

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

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

Revers:

10 Convertibles Pesos 2011

Revolution Energética - Energy Revolution.

In the background a view of the power station, to the left - the wind turbine.

Behind is are the power lines.

In the foreground, on the right side is the linesman at work.

On the left side is a special pickup truck, to repair power lines (based on not clear visible emblem of the car, presumably, Toyota or Daihatsu).

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.