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50 Convertibles Pesos 2011, Cuba

in Krause book Number: FX51
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.

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

Avers:

50 Convertibles Pesos 2011

monumentThe monument to Calixto García located on Malecón seaside boulevard, in Havana.

General Calixto Garcia was in three Cuban uprisings, part of the Cuban War for Independence: Ten Years' War, the Little War and the War of 1895, itself sometimes called the Cuban War for Independence, which bled into the Spanish-American War, ultimately resulting in national independence for Cuba.

Walking along the Malecon you see this equestrian statue, a monument to Calixto Garcia. It is made of black granite and 24 bronze plaques around the base of the structure provide the history of Garcia's 30-year struggle for Cuban independence.

Garcia is depicted on horseback, bareheaded. The height of the monument is 10 meters. The construction began in April 1957. The opening took place in 1959. The first stone in the foundation of the monument laid son of Calixto Garcia, on his birthday, on April 29 (he was over 90 years old).

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

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

Revers:

50 Convertibles Pesos 2011

monumentOn the left side is the monument to Jose Marti, standing right in front of Anti-Imperialist Platform.

One of the most eye-catching elements on the site is a life-sized statue of the Cuban icon José Martí, clutching a child in one protective arm while pointing vehemently in the opposite direction. The child represents Elián González, the sole survivor of a boat of Cuban refugees that capsized on its way to Miami in 1999, who was the center of a dramatic conflict between the two countries. Martí’s finger is pointed accusingly at the U.S. Interests Section Office located at the end of a linear plaza capped in several places by metal arches.

Marchers carrying flags and banners with words by Jose Marti, that read: “Trincheras de Ideas Valen Mas Que Trinchera De Piedra” (Bastions of ideas are stronger then stone bastions) and “La Batalla de Ideas” (The battle of ideas).

Also, on background are Che Guevara portrait and the banner "Patria o Muerte Venceremos" (Homeland or Death - we will win).

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.