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Cuban Convertible Pesos (CUC).

NOTICE Information herein is current at . This page covers important money and safety issues. Please study it carefully prior to departure.

Important 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.
Leonardo Hechavarría of Cuba Explorer Tours
WE ARE here for you to answer any questions about money matters in Cuba. Contact us.
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Money Matters in Cuba :: Prepare before you go!
Currency Converter by OANDA.          IMPORTANT: U.S. dollars are levied a ten percent (10%) extra fee when purchasing Cuban Convertible Pesos.
Cuban convertible peso (CUC), budgeting, and preparation

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 US dollar.

The CUC benchmarked to the US dollar at one-to-one: One CUC = One US dollar.

HOWEVER, changing US dollars into CUCs carries an additional 10% fee. This fee does not apply to other currencies. Conclusion  If you take Canadian dollars, Euros, GBP sterling or Swiss francs there is no additional fee to convert them. In doing so, you'll increase your purchasing power by about eight percent (8%) overall.

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  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 $75 per day for tour participants.

A supply of travelers checks can serve as contingency funds (see below).

Credit cards and travelers checks

Credit cards issued by non-U.S. banks can be used in Cuba. Cash advance fees on credit cards in Cuba can run as high as 10% or more.

American Express and all other credit cards from the United States do not work in Cuba.

Travelers checks from all countries, including American Express travelers checks, can be redeemed in Cuba at Banco Financiero Internacional (BFI).

The discount fee is 7% and other fees may apply.

In order to redeem travelers checks, you must have your passport and the original travelers check purchase receipt showing the travelers check number.

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, credit card or traveler check transactions in Cuba.

Ostentatious displays of jewelry, cameras and spending can attract pickpockets. Keep valuables firmly secured to your person.
Denominations of the Cuban convertible peso (CUC)
Click image to enlarge
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 Hundred CUC Peso bill.
CUC coins
1 centavo
5 centavos
10 centavos
25 centavos
50 centavos
1 peso
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