Result list 1 April 2017

The results of our April sale will be available here on April 2.

Lotnumber: 1179
HABANA. Acciones Nominativas de 100 Pesos. Serie B. blue. No 11. Created 1948 but started operations only in 1950. The first Cuban banks were the Banco de Fernando VII (1832) and the Real Caja de Descuentos (1854). Two years later the Banco Espanol de la Habana was founded; it absorbed the Real Caja and in 1881 became the Banco Espanol de la Isla de Cuba. In 1901 the first Banco Nacional de Cuba was formed, in conversion of an American-owned bank. Both the Banco Espanol and the Banco Nacional crashed during the economic crisis of the 1920s. The new Banco Nacional was the central bank and issuer of Cuba's banknotes. By 1950 there were 50 banks in the country, with over 200 branches. Facsimile signature of Felipe Pazos, as president. Pazos was highly regarded in economic circles in the Caribbean countries, and, after the Cuban revolution, managed the Banco Nacional in a transparent and independent manner, until being dismissed by Castro for being too transparent and independent for his liking.
Date: 20 June 1950
Quality: EF
Startprice: € 200