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| Money Matters Cuba | Home Flights Cars Hotels Cuba Money | |
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In Cuba two currencies are circulate the "Convertible Peso" and the original Cuban peso "Moneda Nacional". Cuba's national currency, the peso cannot be used with international partners. Money - more info  Beginning on November 8, 2004, the convertible peso will begin to circulate in substitution of the dollar throughout the Cuban national territory. All conversions between the $US dollar and Cuba's convertible peso will from 8 November be subject to a 10% tax. Cuban citizens, who receive money from overseas, and foreign visitors, who change dollars in Cuba, will be affected. (10 %) The ten percent exchange fee obligation applies exclusively to the US$. If you heading to Cuba, is better if you avoid taking the U.S. dollars, instead take Canadian dollars or Euro with you, you will have to exchange it in to convertible peso to use in the stores, restaurants and hotels, but they are not subject of 10% exchange fee. In most places, tourists can not use "moneda nacional" to purchase items and pay for services Cubans pay in pesos, and tourists pay in convertible pesos. If you see signs with two prices listed, always expect to pay the Convertible Pesos Exchage to CUC$ -
Banco Central de Cuba Exchage to CUC$ - Banco Metropolitano CubaThe best option for Americans is to purchase all-inclusive package from Canada, or just a hotel from Canadians. Cuban Convertible Pesos CUC$
           
Traveler's checks issued from a U.S. bank cannot be used. You can purchase traveler's checks from Thomas Cook or Visa in Canada, but this will require that you first change your U.S. dollars into the Canadian dollars, then purchase traveler's checks. This is generally a money-losing endeavor, not counting the fee charged by the company issuing the checks. In addition, hotels charge a hefty 4% commission for cashing traveler's checks, and banks charge between 2% and 3%. But if a traveling mishap occurs, the security of "emergency funds" can be well worth the exchange rate and commissions. We suggest purchasing a small sum of "emergency" traveler's checks while in your transit country, either from a Thomas Cook or a Visa office in Airport. Credit cards not drawing from U.S. banks can be used, but only in state-run hotels, restaurants and shops. Arranging Air Ticket and Hotel  Book your trip by phone, toll free: 1-866-504-9988 Because of the economic embargo, there are no direct flights between the United States and Cuba. Consequently, Americans have to travel via a third country. Our travel agency arrange everything flights to and from Cuba, hotel reservations - transportation to and from the airport, car rental and Cuban Tourist Card. |
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