They can be found pretty much everywhere, and asking anyone on the street top point you to the nearest CADECA. CADECA (Casa de Cambio)ĬADECAs (Casa de Cambio) are the official currency exchange offices in Cuba. It should not be very difficult to find a CADECA. If you manage to exchange some cuban currency in advance, you won’t be able to enter more than 2000 CUP according to a recent resolution. Do not plan on bringing Cuban money from your home country. It is impossible to buy Cuban currency abroad. You cannot get Cuban currency in advance though. Other options (much less recommended) are to receive a Western Union transfer or to exchange foreign currency on the black market. You will need your passport when exchanging money in Cuba. Most tourists will opt to withdraw cash via ATM, or exchange a foreign currency at a CADECA, bank or hotel. You have a variety of options to get Cuban currency. Also, when tipping in Cuba, a guide or restaurant attendant will welcome your USDs. With that said, you can absolutely pay with USD in c asas particulares and paladares. That’s the reason of the sudden popularity of US dollar among Cubans.
Actually, the scarcity of products in the CUP stores is astonishing. These stores are better stocked than the CUP stores and only take US dollars. That’s because Cubans will use your hard currency (USD, Euros or Canadian dollars) to buy goods and products in the so-called “dollar stores” or “MLC stores”. In fact, US dollars are the preferred currency in private businesses. Now, keep some of your USD bills, because you can also use them! While you won’t be able to pay in USD for products and services at state facilities, private businesses will rather take US dollar, euros or Canadian dollars. You should always have CUP bills for small expenses, such as paying the bus or for cheap meals in Havana. Tourist attractions, restaurants, casas particulares, hotels and taxis will accept CUP. You will be able to pay for your expenses in Cuba in CUP. This used to be the case a decade ago, but is no longer true! You can get CUP at any official exchange place! Can you pay in Cuba with US dollars? Isn’t using Cuban Pesos (CUP) illegal for tourists?Ī lot of people think foreigners are not allowed to get CUP. It is not a rare coin, so don’t buy it if a scammer wants to sell it to you!Ī coin with an iconic Che Guevara portrait. The three peso CUP bill and 3 peso CUP coin is quite popular with tourists, as it has an image of iconic Che Guevara. Generally CUP bills are dirtier and more worn out. Also, CUC has written “pesos convertibles” right on the center. Note that CUC bills have monuments, while CUP bills have faces of famous leaders. You can tell the two currencies apart by looking at the artwork on the notes. If you don’t want to get scammed, you should know the difference between CUP and CUC. How much is the CUP worth? As of today, the CUP trades at 24 pesos to the US Dollar. Cuban pesos Cuban Peso (CUP)Īlso known as peso cubano or moneda nacional. The CUP is now the only official cuban currency. In theory, 1 CUC was worth 25 CUP.īut, you can no longer use the CUC in Cuba, since it was eliminated in January 1, 2021, as part of the monetary reform. The idea originally was that tourists would use CUC ( Cuban Convertible Pesos) and Cubans would use CUP ( Cuban National Pesos). The Cuban Convertible Peso was introduced in 1994 as a way of creating a parallel economy.
The (eliminated)Cuban Convertible Peso (CUC) The CUC was eliminated and the CUP left as the only official Cuban currency. However, this all changed in Januwhen the government started a long-awaited monetary reform, unifying its dual currency and multiple exchange rate system. Cubans used both currencies interchangeably! The official Cuban currency is the Cuban Peso (CUP).īut, until December 2020, Cuba also had another currency, the Cuban Convertible Peso (CUC).
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