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38-502: (Redirected from Territorial Defence Forces ) Territorial Defense or Territorial Defense Forces may refer to: Active [ edit ] Territorial Troops Militia , a Cuban paramilitary militia under the command of the MINFAR Territorial Forces (Finland) Territorial Troops (Kazakhstan) Territorial Defence Force (Poland) , an active military reserve component of

76-551: A 10% penalty or tax was applied when changing U.S. dollars to CUCs, which can be avoided by exchanging other currencies in Cadecas . The revival of economic stability after the Special Period from 2000, however, also made possible the revival of features of the socialist planned economy , which involved the distribution of subsidized goods to the public, supported by a system of artificially pegged exchange rates; for instance: Among

114-453: A decrease in the time that MTT members have spent in carrying out joint exercises and maneuvers with regular FAR troops. The MTT is supported through the MINFAR's budget as well as through voluntary donations made by citizens. Most of these donations come from workplace contributions, which are paid through weekly deductions from workers' salaries. According to the MINFAR, between 1981 and 1995,

152-535: A series of laws to enact the production of Silver certificates (Certificado De Plata). Cuban silver certificates were designed, engraved, and printed by the US Treasury's Bureau of Engraving and Printing from 1934 to 1949 and circulated in Cuba between 1935 and the early 1950s. The eight series of notes were dated 1934, 1936, 1936A, 1938, 1943, 1945, 1948, and 1949 and ranged from one peso to 100 pesos. A Cuban representative

190-750: Is the only valid currency after the 2021 monetary unification when the convertible peso was retired. In 1985, the Banco Nacional de Cuba issued foreign exchange certificates in denominations of 1, 3, 5, 10, 20, 50 and 100 pesos (not equivalent to the CUP). After 1994 these were replaced by the CUC or the convertible peso. From 1994 to 2020 the Banco Nacional de Cuba and Banco Central de Cuba issued CUC banknotes in denominations of 1, 3, 5, 10, 20, 50 and 100 pesos. These CUC banknotes co-circulated with CUP banknotes, but despite

228-513: The Banco Nacional de Cuba from 1985. These coins or certificates were then used by visitors to buy some luxury goods not available for purchase in the national currency. The Soviet Union's collapse in 1991 resulted in a difficult Special Period of economic adjustments which required the acquisition of foreign exchange in order to pay for petroleum and other imported goods which used to be easily procured from Cuba's former benefactor. In 1993,

266-512: The National Bank of Cuba ( Banco Nacional de Cuba ) issued notes for 1, 2, 5 and 50 pesos. However, the 1905 banknotes were not issued (source: Pick's catalog) In 1934, the Government introduced silver certificates ( certificados de plata ) in denominations of 1, 5, 10, 20 and 50 pesos, followed by 100 pesos in 1936 and 500 and 1000 pesos in 1944. During the latter half of 1933, Cuba passed

304-556: The U.S. dollar was made legal tender to encourage much-needed hard currency to enter the economy, and the Cuban peso lost much of its value with its free market exchange rate plunging to as low as 125 CUP/USD. In 1994 the Cuban convertible peso (CUC) was introduced at par with the US dollar and circulated alongside it. Partial revival of economic confidence then stabilized the Cuban peso to 23-25 CUPs to

342-510: The socialist planned economy and pegged the peso to the Soviet ruble . The Soviet Union 's collapse in 1991 resulted in a Special Period of difficult economic adjustments for Cuba. From 1994 to 2020 the Cuban peso co-circulated with the Cuban convertible peso (ISO 4217 code "CUC"; colloquially pronounced "kook" in contrast to the CUP, often pronounced "koop"), which was convertible to and fixed against

380-860: The Banco Central de Cuba introduced bi-metallic 5 pesos coin (the difference is the denomination and composition (with a cupronickel ring and a brass center plug). Coins currently in common circulation are 5 and 20 centavos and 1, 3 and 5 pesos; 1 and 2 centavo coins are rarely seen (due to their tiny value) but are still valid. Between 1988 and 1989, the National Institute of Tourism ( Instituto Nacional de Turismo , "INTUR") issued "Visitors' Coinage" for use by tourists. In 1981, cupro-nickel 5, 10, 25 and 50 centavos and 1 peso were introduced, followed in 1988 by aluminium 1, 5, 10, 25 and 50 centavos. The INTUR coins were demonetized on October 15, 2001 and were replaced by convertible pesos (CUC). The convertible peso

418-579: The Barber dimes, quarters, half-dollars for the US. The coins were minted at the US mint at Philadelphia. The gold coins and 2 centavos were not produced after 1916, with the large star design 1 peso ceasing production in 1934. A new silver peso showing a woman, representing the Cuban Republic, beneath a star (the " ABC peso") was issued from 1934 to 1939. Finally, a centennial of Jose Marti commemorative peso (also minted in 50, 25, and 1 centavos denominations)

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456-722: The CDR (Committee for the Defense of the Revolution), the Federation of Cuban Women ( Federación de Mujeres Cubanas-FMC ), the National Association of Small Farmers ( Asociación Nacional de Agricultores Pequeños-ANAP ), and even the Organization of Jose Marti Pioneers ( Organización de Pioneros José Martí-OPJM ). According to reforms for allocating MTT funds made in the system in 1995,

494-401: The CUC or USD, leading to the eventual fixing of exchange rates to US$ 1 = CUC 1 = CUP 25, which was available to the public from 2004-2005 and then from 2011-2020 through Cadecas ( Casas de Cambio , or Bureau de Change ; an exchange rate of 1.08 USD/CUC applied from 2005-2011). In 2004, the CUC replaced the U.S. dollar as a legal tender. The CUC was pegged to the dollar. From 2004 to 2020

532-424: The CUC. While detailed preparations and new rules were underway, many businesses started to accept both CUPs and CUCs at the rate of CUC 1 = CUP 25, and higher-value banknotes of CUP 200, 500 and 1000 were introduced. Fears over its financial fallout on state companies, however, delayed the "Day Zero" implementation of monetary unification by several years, until the drying up of foreign exchange reserves in 2020 due to

570-760: The Cuban convertible peso as well as the 1 CUP/USD rate for state enterprises. Henceforth the Cuban Peso became the only legal tender in Cuba, CUCs were converted at the rate of 24 CUP/CUC, and a single official exchange rate of 24 CUP/USD became applicable for both public and private transactions. However, demand for hard currency made these exchange rates unavailable in the informal market. Before 1857, Spanish and Spanish colonial reales circulated in Cuba. From 1857, banknotes were issued specifically for use on Cuba. These were denominated in pesos, with each peso worth 8 reales. From 1869, decimal notes were also issued denominated in centavos, with 100 centavos for each peso. In 1881,

608-568: The MTT's total expenditures. Cuban peso The Cuban peso (in Spanish peso cubano , ISO 4217 code: CUP) also known as moneda nacional , is the official currency of Cuba . The Cuban peso historically circulated at par with the Spanish-American silver dollar from the 16th to 19th centuries, and then at par with the U.S. dollar from 1881 to 1959. The Castro government then introduced

646-621: The Polish armed forces Territorial Defense Forces (Ukraine) Territorial Defense Student , Thailand Defunct [ edit ] Territorial Defense Forces (Poland) , an armed force responsible for the internal security of Poland separate from the Polish Army from 1965 until 2008 Territorial Defense (Yugoslavia) , an independent formation of the People's Army of the former Socialist Federal Republic of Yugoslavia Territorial Defence Force of

684-481: The Republic of Bosnia and Herzegovina Slovenian Territorial Defence Territorial defence battalions (Ukraine) See also [ edit ] Military reserve force Territorial Army (disambiguation) Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Territorial Defense . If an internal link led you here, you may wish to change

722-411: The U.S. dollar, and which was generally available to the public at a rate of US$ 1 = CUC 1 = CUP 25. State enterprises under the socialist planned economy , though, were entitled to exchange CUPs into CUCs and U.S. dollars at the official, subsidized rate of US$ 1 = CUC 1 = CUP 1, within prescribed limits. From 1 January 2021 Cuba implemented the so-called "Day Zero" of monetary unification which abolished

760-548: The absence of tourists during the COVID-19 pandemic lockdowns made the further sale of subsidized dollars and goods unaffordable to the state. On 10 December 2020, it was announced that "Day Zero" of monetary unification would occur on 1 January 2021, with a single official exchange rate of 24 CUP/USD applying to state companies and private individuals alike, and with the Cuban Convertible Peso to be retired and exchanged at

798-420: The beginning of the 1980s, MTT members were extensively involved in the construction of tunnels throughout the island, which would be used as shelter for the population in the event of an attack. As a result of Cuba's continuing economic difficulties during the 1990s, the time that MTT members have spent in training and preparing for their various defense-related activities has been reduced. The reduction includes

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836-663: The changeover was announced on August 4, and only residents in Cuba were allowed to exchange small amounts on August 6 and 7. The three-peso note was introduced in 1983. In 1997, the functions of Banco Nacional as a central bank, including issuing notes and coins, were transferred to a newly created entity, the Central Bank of Cuba . This is the Cuban centre of economics. The 1961 bank notes were demonetized on May 1, 2002. 200, 500, and 1000 peso notes were (re-)introduced in 2015. Banknotes currently in circulation are 1, 3, 5, 10, 20, 50, 100, 200, 500, and 1000 pesos. This banknote series

874-424: The effects of this complicated system of exchange rates and subsidies were as follows: This complicated system of multi-track exchange rates and markets, and the inequalities and rent-seeking it spawned, had long been a source of frustration alike to government bureaucrats and to a disgruntled public. In October 2013, the government announced its intention to abolish this multiple exchange rate system and to phase out

912-570: The expenses incurred for the MTT's training averaged approximately 35 million Cuban pesos per year. During this same period, popular contributions toward the force averaged about 30 million pesos per year. Just over half of the training expenditures went toward the purchase of study supplies and other training materials; just over one-third were dedicated for the purchase of weapons, communication equipment, uniforms, and spare parts. Other organizations also set annual funding goals with respect to their own MTT contributions. Among such organizations were

950-412: The force has remained at about 1 million, despite the economic crisis. The MTT's mission during a crisis would be to fight alongside, and provide replacements for, the personnel of the regular armed force; to help protect such strategic infrastructure as bridges, highways, and railroads; and to carry out any other measures that might be needed to immobilize, wear down, or ultimately destroy the enemy. By

988-460: The funds collected for the MTT are no longer sent to a central government account but remain within each municipality to support local MTT activities. Despite the country's economic hardships, the amount of funds collected through popular contributions to the MTT continued to increase after the beginning of the Special Period in the early 1990s. As of 1995, the MINFAR was paying only 14 percent of

1026-573: The last silver coins issued for circulation. The last US produced coin was the 1961 five centavo piece. In 1962, cupro-nickel 20 and 40 centavos were introduced, followed, in 1963, by aluminium 1 and 5 centavos. In 1969, aluminium 20 centavos were introduced, followed by aluminium 2 centavos and brass 1 peso in 1983. Cupro-nickel 3 peso coins were introduced in 1990, with brass-plated-steel 1 peso and nickel-clad-steel 3 peso coins following in 1992. 40 centavo coins were withdrawn from circulation around July 2004 and are no longer accepted as payment. In 2017,

1064-399: The link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Territorial_Defense&oldid=1123436819 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Territorial Troops Militia In general,

1102-423: The militia is a part-time force with only light arms which are issued to them only on occasion. Most members of the MTT are women, the elderly, or retirees. Male teenagers who are too young or have not yet been called for military service are also eligible to join the MTT, as are men who are not obligated to serve as reservists. The MTT expanded from 500,000 members in 1982 to 1.2 million by mid-1984. The size of

1140-686: The name of the Republic of Cuba in denominations of 50 centavos, 1, 5, 10, 50, 500 and 1000 pesos. In 1872, 5, 10, 25 and 50 centavo, and 1 and 3 peso notes were introduced by the Banco Español de la Habana. In 1891, the Treasury issued notes for 5, 10, 20, 50, 100 and 200 pesos. In 1896, the name of the bank was changed to the Banco Español de la Isla de Cuba , and it issued notes in denominations of 5 and 50 centavos and 1, 5, 10, 50, 100, 500 and 1000 pesos, followed by 10 and 20 centavos in 1897. In 1905,

1178-522: The octagonal shape visible in the outer round rim of all CUC coins. Under the Spanish Administration, the Banco Español de la Habana introduced Cuba's first issue of banknotes in 1857 in denominations of 50, 100, 300, 500 and 1,000 dollars. The 25 peso denomination was introduced in 1867, and the 5 and 10 peso denominations in 1869. During the Ten Years' War , notes were issued dated 1869 in

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1216-662: The official exchange rate of 24 CUP/USD. Demand for hard currency drove a black market in currency exchange, with US$ 1 being worth around 100 CUP by January 2022. The price of one U.S. dollar first reached 200 CUP in October 2022, and 300 CUP in February 2024. In 1897 and 1898, pesos were issued by revolutionary forces promoting independence. In 1915, cupro-nickel 1, 2 and 5 centavos, silver 10, 20 and 40 centavos and 1 peso, and gold 1, 2, 4, 5, 10 and 20 peso coins were introduced. These coins were designed by Charles E. Barber, who also designed

1254-563: The peso was pegged to the US dollar at par. The currency continued to be issued only in paper form until 1915, when the first coins were issued. In 1960, the peso lost value after the United States imposed an embargo against Cuba and the suspended sugar quota. Fidel Castro then introduced the socialist planned economy to Cuba with the Soviet Union as its new economic partner, and the Cuban peso

1292-472: The rate of 24 CUP/CUC until the end of 2021. While technically described as a devaluation from the official 1 CUP/USD used in government and state business books, for the public it was viewed as state enterprises merely catching up to the reality of 24 CUP/USD that had always existed in the private sector. During 2021, due to a shortage in foreign currency, it became difficult or impossible for private individuals and businesses to exchange CUP for hard currency at

1330-444: Was also divided into 100 centavos. In 1994, coins were introduced in denominations of 5, 10, 25, and 50 centavos and 1 peso in nickel-plated steel. The rare bimetallic 5-peso coin was introduced in 1999, followed by the 1-centavo coin in 2000. These CUC coins co-circulated with CUP coins, with both types of coin distinguishable by differences in their color (mostly nickel-plated steel for CUCs, versus aluminum or brass for CUPs) as well as

1368-655: Was on-site in Washington DC to consult and approve designs. In 1949, the Banco Nacional de Cuba resumed paper money production, introducing notes in denominations of 1, 5, 10 and 20 pesos that year, followed by notes in denominations of 50, 100, 500, 1000 and 10,000 pesos in 1950. Denominations above 100 pesos were not continued. With the introduction of a socialist planned economy , the Banco Nacional demonetised all previous banknotes on August 7, 1961, and replaced them with new banknotes that were printed in Czechoslovakia :

1406-558: Was pegged to the Soviet ruble at the same exchange rate as with the US dollar (i.e. at 4 old rubles before the 1961 monetary reform , and 0.9 SUR (90 kopeks of the new ruble) afterward). Foreign exchange was a government monopoly under the socialist planned economy and could not be bought by the general public using Cuban pesos. Foreign currencies were therefore exchanged for coins of the Instituto Nacional de Turismo (INTUR) from 1981 to 1989 and for foreign exchange certificates of

1444-458: Was produced in 1953. Brass 1 and 5 centavos were issued in 1943, and with copper nickel composition sporadically from 1915 to 1958. Beginning in 1915, 2, 5, 10, 20 and 40 centavos coins were occasionally minted. The last 10, 20, and 40 centavo coins were produced in 1952; these were commemorative issues celebrating the fiftieth year of the republic. As mentioned above, in 1953, silver 25 and 50 centavos commemorative coins were also issued. These were

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