AND PAYMENTS IN CUBA
At the present there are circulating in Cuba two currencies:
the Cuban Peso (MN) and the
Cuban Convertible Peso (CUC), both containing 100 cents.
The Cuban Convertible Peso (CUC)
currently worth twenty-four Cuban Peso.
Banknotes of CUC are: 1, 3, 5, 10, 20, 50 and 100 CUC and coins of 1, 5,
10, 25, 50 and 100 cents (1 CUC).
Both the Cuban Peso and the
Cuban convertible peso can only be obtained and used in Cuban territory. You
can get CUC at your arrival in Cuba,
changing Euros or Canadian dollars, British pounds or other currencies. The
money exchange service is offered at airports, hotels, banks and exchange
houses named CADECA, which are present along the island, some of these entities
work 24 hours a day, 7 days a week.
The Cuban peso serves, for example, to buy vegetables or fruit in
the "agromercados' or going to the movies, (the
entrance is 2 Cuban pesos), theater, traveling in buses, eating in restaurants
for Cubans etc.
CUC - convertible peso
(or "chavito" as it is popularly called) is
used to pay for accommodation in hotel or casa particular (private house), in
the shop, in supermarkets, in tourist restaurants, taxis, etc.
peso is known as MN (Moneda Nacional)
The Convertible Peso is known as CUC and it is the currency circulating
in the country for tourism and for the collection of foreign currencies.
WHERE to CHANGE
Never carry out change of money to any person in the street. It is
better to do it in the houses of change known as CADECA.
Of them there is everywhere.
Cuban Convertible Pesos can be obtained by changing the currency?
The change fluctuates depending on the fluctuation euro-dollar in the
international markets. See the Web site of Banco Metropolitano, (Cuban official Bank) with the official daily change
to CUC for all currencies.
We strongly recommend that you change your
money only in exchange houses (CADECA), in hotels or at banks. Do not change money on the
street because there are scammers trying to change counterfeits or Cuban Pesos
(MN), with a lower value, taking advantage of the ignorance of the traveler to
differentiate between the Cuban Peso and the Cuban Convertible Peso as well as
many other forms of fraud.
Here you can see how recognize the notes of the Cuban Convertible
Some security features of CUC
Watermark: under the name of the currency and the statue of José Martí visible light.
• Security thread: with the words "Patria o Muerte
Venceremos" visible light.
• 5-pointed star with perfect coincidence in the front / back.
CUC is equal to
the dollar in the international change rate, but the government burdens with
additional 10% the change of the cash dollar to the CUC and also taking out
money with credit card (*), (because it is previously converted to dollars),
for what the best thing is to bring money cash in Euro.
cards Visa, MasterCard, etc, are accepted whenever
they are not emitted by banks of United States, but taking out cash
with them has an obligation.
Take care of your cash money and keep lodged at legalized casas particulares.
You will find that the exchange rate at airports is
slightly less favorable, so it is best upon arrival only change what you might
need in the early days. Later you can change the rest of your money in any
bank, hotel or CADECA. So, change
some money to CUC before leaving the airport, to pay taxi and first expenses.
When leaving Cuba, in the same airport there are
banks and CADECA services where the remaining CUC can be changed to your
cards and travel checks are accepted whenever they are not emitted by North
American banks (American Express) neither their branches in other countries.
Are accepted without any problem those emitted by Spanish, European or Canadian
banks: Visa International, MasterCard, Eurocard,
CABAL and BFI.
the case of traveling checks are accepted: Thomas Cook and Barclay
Credit cards, ATMs &
In Havana you can find ATMs in many places.
There are ATMs in most banks and major hotels and in some exchange houses
(CADECA). You can also find ATMs in major cities such as Matanzas
Santiago de Cuba,
or at resorts such as Varadero in the Keys. However, if you go visit some small town or village, be sure to
take the necessary cash.
(*) Are accepted
credit cards and travelers checks unless they are issued by U.S. banks
(American Express) or their branches in other countries. Smoothly accepted those
issued by Spanish banks, European and Canadian: Visa International, MasterCard,
Eurocard, CABAL and BFI, but bring cash with them has
In the case of
travelers checks are accepted from: Thomas Cook and Barclay
Take care of your cash and stay in private houses legalized.
More on Cuban
Tourists and visitors can enter the country as much
money as they wish, but if you intend to carry over $ 5,000 USD or its
equivalent at departure, be sure to have declared such amount at customs on
entry into the country.