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Currency and Payment


Currency

The national currency is the Cuban Peso, which is equivalent to 100 centavos (cents). Notes can be of 1, 3, 5, 10, 20, 50, 100, 200, 500 and 1000 pesos. Coins can be of 1, 5 and 20 cents and 1 and 3 pesos.

At the Bureaus of Exchange (CADECA) created to sell - buy Cuban Convertible Pesos, the exchange rate is now $24.00 Cuban Pesos (CUP) for 1 Cuban Convertible Peso (CUC).

The exchange rate for the American dollar is fixed: For 1 USD you get $0.90 CUC

The exchange rate for the Euro fluctuates: For 1 Euro you get [ 1.01 - 1.45 ] CUC depending on the daily exchange rate.

Form of Payment
In tourist facilities and other service units, prices are set in Cuban Convertible Pesos (CUC). In specific places of Varadero, Cayo Largo del Sur, Jardines del Rey (Coco and Guillermo Keys), Santa Lucía and Covarrubias Beaches, and Holguín province (tourist resorts on northern coastline), also Euros are accepted.

Credit cards are accepted except those issued by US banks or their branches in other countries. At the moment, as part of the reestablishment of diplomats relationships between Cuba and United States, this topic is on the board, waiting that in a very next future the use of the cards emitted by American banks and its branches in other countries will also be accepted.

Despite of all this, we advice you to carry enough cash with You to avoid waits or delays in the commercial points.

Cuban convertible pesos and coins have unlimited legal course in the national territory and can be changed upon departure at bank offices at international airports and ports in Cuba.

Commercial Hours
Most of the hotel shops are open every day from 09:00 to 19:00. Other stores are generally open from Monday to Saturday from 09:00 to 18:00 and Sundays from 09:00 to 13:00.

There are no unique office hours in the national territory. Generally between 08:00 and 17:00, from Monday to Friday and alternating Saturdays in some state institutions.