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| Money in Cuba | Home Flights Cars Hotels Cuba Money | |
 American Travelers heading to Cuba will need cash, and a good bit of it. Cuban Convertible Pesos CUC$  US visitors suffer sticker shock at the island's lofty prices almost as fast as they notice Havana's colonial architecture. Most of the basic needs of travelers: hotels, rental cars and restaurants are expensive, compared to other Latin American countries. However, there are alternatives for traveling on the cheap, such as casas particulares cost about CUC$ 35 to US$ 40 per night, private homes whose owners have government permission to rent rooms to visitors. Hard-currency peso used mostly by tourists and foreign companies on the island is now be worth US$ 1. Each hard currency peso "Convertible Pesos" is worth 24 of the standard Cuban pesos with which most Cubans are paid in an unusual two-tiered currency system. Base exchange rate is $US 1.00 to 1.00 $CUC. Note: 10% percent tax imposed on people buying Convertible Pesos CUC$ with US$ dollars cash. Do not change money on the street, is illegal. You better off if change US$ on other currencies, before you trip to Cuba. Always bring only new notes, without any damage or marks, all the coins are useless. Take cash to Cuba, exchange your money in the hotel are usually very expensive. • ATMs Not widely available outside tourist areas, or not working. • Traveler’s Cheques banks charge high commission to cash them, not all the places accept them. • Credit Cards you can get cash with any non US credit card. Bring your passport, banks charge extra 11% commission • Counterfeit Convertible Pesos CUC$ are quite common, do not change money on the street. The best option for Americans is to purchase all-inclusive package from Canada, hotel and rent a car online. Earlier this week the Obama administration lifted restrictions on travel to Cuba by Cuban Americans as well as the limits on remittances they send to their families there, a move that is expected to prompt many South Floridians with family ties to make more frequent trips. Cuba may be just across the Florida Straits, but it's a world away: U.S. credit cards and debit cards won't work on the Communist island; neither will U.S. travelers' checks, so travelers should take plenty of cash. Cuba has two currencies: the Cuban peso, known as moneda nacional, which Cubans typically get as salaries and use in routine purchases; and the Cuban convertible peso, which is called the CUC $ and informally known as the chavito by Cubans on the island. A Cuban convertible peso is worth 26 Cuban pesos, though most travelers have little use for the latter. Cuba officially sets the value of the CUC$ at $1.00, the currency charge a rate of $US 1.00 to 1 CUC$ (-10% on US$ cash exchange)
Foreign Currency Accepted by Cuban Banks - Exchage Rates to Cuban Convertible Peso CUC $
For a decade the U.S. dollar circulated on the island as an über currency that could be used in so-called dollar shops that sold consumer goods such as electronics, clothes, toys and food items not available elsewhere. Most people visit Cuba because of family ties, curiosity, business or cut-rate prices at seaside resorts, so the island isn't trying very hard to compete with other spots in the Caribbean. "Business travelers are the proverbial bread and butter of revenue streams." If you think you're going to spend $100 a day, take $200, because it's expensive in Cuba, and generally you're going to want to do something for someone.
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British Pound GBP£ 1 - CUC$ 1.57
Canadian Dollar CAD$ 1 - CUC$ 0.99
Swiss Franc CHF 1 - CUC$ 1.09
Japanese Yen JPY 1 - CUC$ 0.013
US Dollar USD$ 1 - CUC$ 0.90 (cash exchange rate)
Mexican Peso MXP 1 - CUC$ 0.08
Euro EUR€ 1 - CUC$ 1.31
Danish Krone DKK 1 - CUC$ 0.18
Norway Krone NOK 1 - CUC$ 0.17
Sweden Krona SEK 1 - CUC$ 0.15
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