High denomination bills already circulating in Cuba waiting for the unification of currency
- Submitted by: Camila
- Business and Economy
- 02 / 03 / 2015
Bills of 200, 500 and 1000 Cuban pesos began circulating on Sunday in the country, in order to facilitate transactions in that currency (CUP) in dollar stores (TRD), as announced by the Central Bank of Cuba (BCC).
Backed by Resolution No. 4 of January 15, 2015, and published on the same date in the Gazette Extraordinary No. 3, the measure seeks to streamline operations and reduce risk levels by avoiding the use of large amounts of money low denomination.
Francisco Mayobre Lence, vice president of BCC, recently told reporters that the new notes would be put in circulation since February first but gradually, through entities Banco Metropolitano, People's Savings Bank, the Bank of Credit and Trade and the Exchange, CADECA known.
He clarified that by now prioritize Havana, provincial capitals and some municipalities, which is in line with the level of operations that has manifested in certain places.
Emphasized the need for people to learn to identify effective new, which between security measures have two watermarks, one with the image of Celia Sánchez; the number that corresponds to your list; windowed security thread; relief printing, and the initials of the BCC.
In recent months was extending the use of CUP in stores that sell in convertible pesos (CUP), and one of the difficulties faced was precisely in the denomination of the bills, because until now the 100 pesos was larger than circulating in Cuba, but most sales in the TRD was done with banknotes of 20 and 50.