Cuba-20-Pesos-banknote-of-1958

Cuba 20 Pesos banknote of 1958

04 May 2019  Sat

Cuba, officially the Republic of Cuba, is a country comprising the island of Cuba as well as Isla de la Juventud and several minor archipelagos. Cuba is located in the northern Caribbean where the Caribbean Sea, Gulf of Mexico and the Atlantic Ocean meet.

Culturally, Cuba is considered part of Latin America. It is a multi-ethnic country whose people, culture and customs derive from diverse origins, including the aboriginal Taino and Ciboney peoples, the long period of Spanish colonialism, the introduction of African slaves and a close relationship with the Soviet Union in the Cold War.

Cuba has a dual currency system, whereby most wages and prices are set in Cuban pesos (CUP), while the tourist economy operates with Convertible pesos (CUC), set at par with the US dollar. Under the Spanish Administration, the Banco Espanol de la Habana introduced Cuba's first issue of banknotes in 1857 in denominations of 50, 100, 300, 500 and 1,000 dollars.

The note depicted besides is a 20 Pesos banknote issued in 1958. The obverse has the portrait of Antonio Maceo in the centre; while the reverse features the Cuban Coat of Arms.

Image Courtesy: Cuba Collectibles.com

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