La official currency of Cuba is the Cuban peso, however, tourists may buy products or pay for services with the Cuban convertible peso (CUC). Cuban pesos have bills of 1,3,5,10,20,50 and 100 pesos, while in coins there are denominations of 1,5 and 20 cents; and 1 and 3 pesos.
Tourists will be able to arrive on the island with foreign currencies having the option of making the currency exchange in airports, exchange houses, shops and banks. For the change we must know that a tax of 10 percent of the total is imposed on the exchange of American dollars, therefore, it is more convenient to travel with euros, pounds sterling o canadian dollars.
A convertible peso is equal to 1.18 US dollars and with this currency we can pay almost everything we want on the island, except for some products from markets or street vendors where they will ask us cuban pesos. That is, in relation to the currency, we must take into account that in Cuba We will find places that only accept payments in CUC, others that accept payments in CUC and Cuban pesos, and others where we can only pay in Cuban pesos.
The island's businesses accept payments with credit and debit cards from Visa, MasterCard International, Dinners Club International, Bancomer International Eurocard, and others, as long as they are not issued by any North American bank or affiliate thereof.
In relation to the prices of different services and products on the island, we can tell you that, for example, a tourist can buy a bottle of wine for 600 CUC, have dinner for 30 CUC, stay in a villa for 150 CUC and stay in a house particular for an average of 20 CUC per day.
El currency exchange It is official and the daily price can be verified on the website of the Banco Central de Cuba.
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