Banco Central de Cuba

Central Bank of Cuba Brief History Established (as Banco National de Cuba ) 1950, reorganised in 1961, 1966, 1975, 1984. Re-established in 1997 as Central Bank of Cuba, a state bank with monetary and foreign exchange authority. In 1948, Banco Nacional de Cuba is created as a Central Bank of the State, assuming the functions of an issuer entity of the nation until the constitution of Banco Central de Cuba. Since it was created in 1997, Banco Central de Cuba exert the function of issuer entity on the national currency in the country; and this very year, the issuance of the first series of bank notes in Cuban pesos on behalf of BCC started. Further on, the rest of the denomination follow, until all the monetary signs with notes issued by Banco Central de Cuba was completed. By this way, most of the bank notes circulating nowadays have been issued by Banco Central de Cuba. The coins, both from Cuban peso and convertible peso, have been regularly issued according to the needs of circulation within the country. The first issues by Banco Central de Cuba started as from its constitution in the year 1997, with bank note with face value of 5 and 10 pesos. Make click on notes that you wants to be enlarged They were followed by the issue of bank notes with face value of 20 and 50 pesos in 1988. In the year 2000, on the occasion of the 50th Anniversary of the Central Banking in Cuba, the 100 peso bank note was issued, dedicated to commemorate this occasion. The printing of this denomination has regularly continued in the following years. In the year 2001, the preceding issues were accompanied by the one peso bank note. In the year 2003, Banco Central de Cuba issued two commemorative bank notes: The first one with face value of 1 peso in the occasion of he 150th Anniversary of the birth of Jose Marti, our national hero, and the second one, with a face value of 20 pesos in remembrance of the 50th Anniversary of the Assault to Moncada Garrison. With the 3 peso bank note issued in the year 2004, Banco Central de Cuba completed all our set of bank notes issued in its name. In the year 2002, printing of high denominations using with the Intaglio system was introduced with the denomination of 50 pesos, which confers a higher quality, security and aesthetic, as well as the relief sensation perceptible by the sense of touch. At present, bank notes of 20, 50 and 100 are printed by means of this technique.