Cuban Travelers Checks Issued in Eastern Europe during Cold War
Cuban Travelers Checks Issued in Eastern Europe during Cold War
Travelers checks that visitors from the Soviet Union and aligned countries used when visiting Cuba.
The Banco Central de Cuba had these travelers cheques printed at the Státní tiskárna cenin (STC, State Printing Works), in Prague, then sent them to Bulgaria, Czechoslovakia, East Germany, Hungary, Poland and the USSR for distribution.
Banks in those countries stamped the checks with their distinctive imprints in places like Budapest, East Berlin, Leningrad, Moscow, Prague, Sofia, and Warsaw. Customers purchased them and took them to Cuba where they would cash them for FX certificates denominated in pesos, as this was before the CUC existed. The Cuban bank would stamp the travelers cheque after cashing it out.
The cheques thus bear the stamps of both the communist country where issued on the front, as well as a Cuban bank stamp on the back, making them a fascinating window into a lost world, the mysterious "other side" during the Cold War.
Those certificates gave them access to a better selection of products and services than locals got, but less good than visitors from capitalist countries who brought hard currency.
A complete set of the checks consists of 20, 50 and 100 peso denominations.