30 Oct Currency
While in Cuba, you will use its Cuban convertible peso (CUC$), which is available in $1, $2, $5, $10, $20, $50, and $100 denominations. The Cuban convertible peso is typically equivalent to the US dollar at a 1:1 ratio, though this exchange rate can fluctuate. In addition, there’s a 3 percent charge to convert any currency and a 10 percent tax levied by the Cuban government when converting US dollars. Thus, when you convert your money, you will pay 13 percent in fees and tax. For example, this is how converting $100 works in Cuba:$100.00 USD
- 3.00 (charge for exchanging money)
- $10.00 (tax imposed on US currency conversions)
- $87.00 CUC (total you will receive after converting $100)
You may only exchange to or from Cuban currency while in Cuba. Thus, you’ll want to exchange your money upon arrival and again before departure. We recommend using official money exchange agencies at the airport or hotel or use a CADECA exchange kiosk. Avoid unofficial exchanges.
Note: there is no way to wire money to Cuba and no US banking services are established in the country (thus, no ATM service and no credit cards accepted), so please bring sufficient cash for your stay. Learn more: