Cuba to Issue New BanknotesAugust 19, 2014 | Print |
HAVANA TIMES —The Central Bank of Cuba plans to issue in the near future new banknotes for regular Cuban pesos (CUP) with new security measures, according to official sources.
In the high denomination banknotes (100, 50 and 20 pesos) the watermark located on the left front of the bills, will appear with the image of the patriot whose name identifies the denomination, which can be seen by placing the note up to the light.
Moreover, these bills will incorporate another watermark located in the top left of the patriot with the denomination of the bill.
The rest of the bills will continue to have their watermark with the image of Celia Sánchez and to the right of her will appear number with the corresponding denomination.
According to the article, the remaining security elements remain unchanged. The bills are dated 2014 and the currency in circulation will remain valid as legal tender throughout the country.
The new measure has confirmed indirectly that behind the announced monetary unification the so-called national pesos or CUP will remain, while the current CUC (equivalent to the US dollar) would cease to circulate.