Money Matters in Cuba. Prepare before you go!
Information herein is current at . This page covers important money and safety issues. Please study it carefully prior to departure.
CUBAN CONVERTIBLE PESO (CUC), BUDGETING, PREPARATION
Cuban Convertible Pesos (CUC).
The Cuban Convertible Peso (CUC) is the only currency used by island visitors. All goods and services are priced and paid for in the CUC, including the Cuban airport departure tax of 25 CUC, gratuities, etc. The purchasing power of the CUC in Cuba is similar to that of the Canadian and US dollars. Click photo to enlarge.
The CUC floats in value against world currencies. Exchange rates vary daily. Today's rates are based on 1.12 USD equals one CUC.
Exchanging US dollars into CUCs is subject to an additional 10% fee. This fee does not apply to other currencies. Conclusion Don't take US dollars to Cuba. Instead take Canadian dollars, Euros, GBP sterling or Swiss francs. There is no additional fee to convert these currencies.
Travelers should carefully evaluate daily spending needs. It is better to take more money than you think necessary than to get caught short of funds while on the island. US travelers It is necessary that you take all the money you anticipate spending while in Cuba plus extra as you'll not have access to funds from abroad on the island. We suggest a minimum of $50 per day.
CREDIT CARDS AND TRAVELERS CHECKS (CHEQUES)
Credit cards and travelers checks issued by Canadian and European banks are accepted (AMEX is never accepted!). But please confirm with your bank before you depart as regulations change constantly. Canadian travelers If you have a MasterCard issued by a credit union or caisse populaire it won't work in Cuba. Contact your branch for more information.
Cash advance and other transaction fees on credit cards in Cuba can run as high as 10% or more, plus the exchange fee.
Credit cards and travelers checks issued by US banks are not accepted.
Debit cards do not work in Cuba.
MONEY SAFETY AND SECURITY
Logo of official Cuban CADECA (Casas de Cambio SA – exchange bureau)
WARNING Change your money into CUC at a bank, your hotel, or at a CADECA (Casas de Cambio SA – exchange bureau). Never exchange your money on the street or through an individual Cuban (including your guide).
All visitors should keep cash, important documents, identification and other valuables in your hotel room's lock box.
During the day only take the amount of money you plan on spending and consider keeping it in a money belt.
A photocopy of your passport is sufficient identification. However, your actual passport is necessary when conducting banking transactions in Cuba.
Ostentatious displays of jewelry, cameras and spending can attract pickpockets. Keep valuables firmly secured to your person.
DENOMIMATIONS OF THE CUBAN CONVERTIBLE PESO (CUC)
One CUC Peso bill
One CUC Peso bill.
Three CUC Peso bill
Three CUC Peso bill.
Five CUC Peso bill
Five CUC Peso bill.
Ten CUC Peso bill
Ten CUC Peso bill.
Twenty CUC Peso bill
Twenty CUC Peso bill.
Fifty CUC Peso bill
Fifty CUC Peso bill.
One hundred CUC Peso bill Click bills for detailed view.

Left A one hundred CUC Peso bill.
CUC coins: 1 centavo, 5 centavos, 10 centavos, 25 centavos, 50 centavos, and 1 peso.
Notice The Cuban Convertible Peso (CUC) can only be purchased and used in Cuba. Spend it or exchange it on the island before you return home.
WE'RE HERE FOR YOU
If you have any questions or concerns about money matters in Cuba, call us toll free at 1-877-687-3817 or email us.