page_title: Silver certificate (Cuba)
section_title: Cuban silver certificates made by the Bureau of Engraving and Printing
hierarchical_section_title: Silver certificate (Cuba) / Cuban silver certificates made by the Bureau of Engraving and Printing
caption_attribution_description: English: República de Cuba, one silver peso (1936). Engraved signatures of Ricardo Ponce (Secretario de Hacienda) and José Agripino Barnet (Presidente de la República).The United States BEP prepared and issued Cuban silver certificates (Certificados de Plata) in eight series (1934, 1936, 1936A, 1938, 1943, 1945, 1948, and 1949), each series marking a change the authorizing signatures of either the Cuban Secretary of the Treasury (Secretario de Hacienda) or the President (Presidente de la República).
context_page_description: Cuban silver certificates were banknotes issued by the Cuban between 1934 and 1949. Prior and subsequent issues of Cuban banknotes were engraved and printed by nongovernmental private bank note companies in the United States, but the series from 1934 to 1949 were designed, engraved, and printed by the US government at the Bureau of Engraving and Printing.
  The first Cuban banknotes were issued in 1857 for the El Banco Español De La Habana. Beginning in the late 1860s, Cuba contracted the National Bank Note Company for two issues of banknotes in 1869 and 1872. After absorbing NBNC, the American Bank Note Company engraved and printed Cuban banknotes for issues in 1889, 1896, 1897, 1905 for the National Bank of Cuba, 1944, and a 1949–50 issue for the Banco Nacional De Cuba. Between 1905 and the introduction of BEP issued Cuban silver certificates in 1934, no banknotes were produced.
context_section_description: The legal foundation for the issuance of Cuban silver certificates began with a Cuban law passed on 10 May 1933 that authorized the production of $6,000,000 in silver pesos in order to back an equal number of silver certificates. On 11 December 1933, the Cuban government had announced that it planned to issue a total of $17,000,000 in silver certificates.
  In a letter dated 2 March 1934, Cuban Ambassador Manuel Márquez Sterling wrote to Secretary of State Cordell Hull requesting that the Bureau of Engraving and Printing (BEP) prepare silver certificates on behalf of the Republic of Cuba. The coining of Cuban silver pesos began pursuant to Decree-Law No. 93 (22 March 1934) and it was announced that both the coins and banknotes would be produced by the United States. Treasury Secretary Henry Morgenthau, Jr. gave initial authorization to the Cuban request to engage the BEP on 23 April 1934. Though not exhaustive, there were several additional legal changes to Cuba's financial infrastructure. Silver certificates could be used to pay duties, taxes and other fees, without limit (Decree-Law No. 153, 19 April 1934) and should be accepted in the same manner as silver coins (Decree-Law No. 176, 27 April 1934). On 11 May 1934 the design process began at the Bureau of Engraving and Printing.
caption: República de Cuba, one silver peso (1936)
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