Cuban peso encourage hard currency to enter the economy. The US dollar became the currency used to purchase some non-essential goods and services, such as cosmetics, and even staple kinds of food and drink. In 1994, the convertible peso was introduced at a par with the dollar. On November 8, 2004, the Cuban government withdrew the US dollar from circulation, citing the need to retaliate against further US sanctions. 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,
Euro gold and silver commemorative coins (Spain) the other in Burgos. Silver 2000-peseta coins have been minted every year since 1994. Each year a €12 silver coin is released to continue this tradition in the new currency. The first of such was in 2002 celebrating Spain’s presidency of the E.U. Each of the participating countries issues a sister coin dedicated to a particular theme. Each coin also depicts the coat of arms of the other countries. The participants are Argentina, Cuba, Ecuador, Guatemala, Mexico, Nicaragua, Paraguay, Peru & Portugal. In 2003 the 5th series was released the theme was "Sailing", this was later followed by the 6th