Tuesday, 13 November 2018

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The coins in Cuba. Photo: radioenciclopedia.cu

The coins in Cuba

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If we go back to the origins of the history of the coin in Cuba, we could point to indications in the early days of the colony with Spain, between 1512 and 1515, when gold bars were used in Bayamo and Santiago de Cuba, which were divided according to the volume of the transactions, in order to cover the need of money that had our colonizers for the operations of commerce.

The desire to have an authentic Cuban coin only came into being when Father of the Country, Carlos Manuel de Céspedes, in 1869, achieved the emission of paper money, printed in New York during the War of Ten Years.menedas cubanas

It is known that the first coin-shaped pieces that were minted in Cuba date back to 1741, as a result of the blockade of Santiago de Cuba by US troops during the so-called "Jenkins Ear War", emerged the need to use these pieces in the face of the lack of circulating.

Naturally the rusticity and a proportion in metal inferior to its value were characteristic of these artisan pieces. But it may be said at the discretion of those skilled in the art that they are the only pieces up to now known that were minted in Cuba before the beginning of the activities of the Cuban Company of Minerals in July 1977.
Radio Angulo
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