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| Money Matters Cuba | Home Flights Cars Hotels Cuba Money | |
| 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.  American Tourist money info  .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 (-10% $ on cash exchange) Note: 10% percent tax imposed on people buying Convertible Pesos CUC$ with US$ dollars cash. 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. The best exchange rate you will get in CADECA - Casas de Cambio. • 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. 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 $CUC. Cubans Pesos 26 exchange to 1 $CUC Convertible Pesos.
Foreign Currency Accepted by Cuban Banks - Exchage Rates to Cuban Convertible Peso CUC $
Cuban Convertible Pesos CUC$
                Note: You will need to show your passport or ID if you pay by CUC$ 50 or CUC$ 100 Banknotes
Traveler's cheques issued from a US bank can not be used in cauba. You can purchase traveler's checks from Thomas Cook or Visa in Canada, but this will require that you first change your US dollars into the Canadian dollars, then purchase traveler's cheques. 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 cheques while in your transit country, either from a Thomas Cook or a Visa office in the airport. Credit cards not drawing from US banks can be used, only in state-run hotels, restaurants and shops. |
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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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