The listing, Made in the USA! ★1945 Cuba Silver Certificate ★ Certificado Plata 1 Peso Banknote ~Free US Ship~ has ended.
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Shipped FREE to the winner!
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You are bidding on a 1 peso Cuba 1945 silver certificate:
Certificado Plata 1 Peso G Banknote. Showing circulation, as shown in the image. Signed by President Ramon Grau San Martin.
The bank note you win is shown in the first FOUR photos. An image of a perfect example is shown in the last photo, FYI.
Online vendors are asking about $30 for this paper note in good circulated condition.
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During the latter half of 1933, Cuba enacted the production of Silver certificates (Certificado De Plata).
Cuban silver certificates were designed, engraved, and printed by the US Treasury. They were printed from 1934 to 1949 and circulated in Cuba between 1935 and the early 1950s. The eight series of notes were dated 1934, 1936, 1936A, 1938, 1943, 1945, 1948 and 1949 and ranged from one peso to 100 pesos.
In 1949, the Banco Nacional de Cuba resumed paper money production. In 1960, the peg to the dollar was replaced by one to the Soviet ruble. In January 1961, all previous bank notes were demonetized, with new bank notes, printed in Czechoslovakia, placed into circulation.
In 1962 President John F. Kennedy established the embargo against Cuba and suspension of the sugar quote to reduce "the threat posed by its alignment with the communist powers."
When the Soviet Union dissolved in 1991, the peso lost much of its value.
In 1993, during the period of economic austerity known as the Special Period, the US dollar was made legal tender to encourage hard currency to enter the economy. The US dollar became the currency used to purchase some non-essential goods and services, such as cosmetics, and even staple kinds of food and drink.
On November 8, 2004, the Cuban government withdrew the US dollar from circulation, citing the need to retaliate against further US sanctions.
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