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The official currency is the Cuban Peso (CUP), divided into 100 centavos, but the 'tourist' currency is the Peso Convertible (CUC), which replaces the US Dollar as currency in tourist related establishments like hotels, restaurants and so called 'dollar shops'. US Dollars are no longer accepted as payment, and a 10 percent commission or more is charged to exchange them, therefore the best currency to bring along is Euros, the British Pound or Canadian Dollars. The CUC is almost equal in value to the US Dollar. Some places only accept Cuban Pesos and others only Pesos Convertible (usually tourist related establishments). Money should only be changed at official exchange bureaux or banks to avoid scams confusing the two currencies. Visa and MasterCard are generally accepted only in major cities and hotels as long as they haven't been issued by a US bank; Diners Club has limited acceptance, and American Express is not accepted anywhere on the island. No US-issued credit or debit cards will work in ATMs, but those holding cards issued in other countries should be able to get pesos at most major tourist destinations.
Currency Exchange Rates
|Cuba||CUC 1||CUC 5||CUC 10||CUC 100||CUC 1,000|
|Australia||AUD 1.28||AUD 6.41||AUD 12.83||AUD 128.26||AUD 1,282.60|
|Canada||CAD 1.29||CAD 6.47||CAD 12.94||CAD 129.39||CAD 1,293.90|
|Ireland||EUR 0.81||EUR 4.04||EUR 8.08||EUR 80.79||EUR 807.90|
|New Zealand||NZD 1.38||NZD 6.88||NZD 13.76||NZD 137.58||NZD 1,375.80|
|South Africa||ZAR 11.79||ZAR 58.95||ZAR 117.91||ZAR 1,179.07||ZAR 11,790.70|
|United Kingdom||GBP 0.72||GBP 3.60||GBP 7.21||GBP 72.09||GBP 720.90|
|United States of America||USD 1.00||USD 5.00||USD 10.00||USD 100.00||USD 1,000.00|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.