1960 Che Guvera Signed Document (University Archives LOA)

This lot is closed for bidding. Bidding ended on 11/15/2015

Rare Partly-printed Document Signed, "Che" as President of the National Bank of Cuba, 1 page, 14" x 10.75", Havana, May 30, 1960, in Spanish, a bond for 1.5 million pesos, consolidating a portion of Cuba's national debt. Vertical crease, cancellation punches and stamps do not affect signature. The bonds, which paid 4% interest, were to mature after fifteen years in 1975. Due to the rapid nationalization of industry in Cuba as well as Guevara's mismanagement of the national bank, these bonds quickly lost value in the market, complicating the country's efforts to refinance it's sovereign debt. A trade embargo imposed by the United States further complicated matters, forcing Cuba to become financially dependent on the Soviet Union for support.