Home
Welcome Getting There
Havana Hotels
Casa Particular
First Time Havana
Life in Havana
Havana City Tour
Life in Havana Havana Nightlife
Havana Services
Best Restaurants
Money
Safety
Love in Havana
About Havana Havana Beaches
Work in Havana
Shop in Havana
Havana Trips
House in Havana
Havana Pictures
Life in Cuba Salsa Dancing
Photo Gallery
Cuban Sports
About Cuba Cuba Tourism
Cuba Government
Cuban Cigars
Cuban Rum
Health Tourism
Eco Tourism
Cuba Aid
Video Gallery
Cuban Store
Business in Cuba
Cuba Culture Learn Spanish
Cuban Religions
Cuban Art
Havana University
Cuba History
Cuba Cities
Cuba Food
Cuba Info Cuba Travel Forum
Havana Answers
Caribbean Resources
Cuba Websites
Havana Updates HAVANA BLOG
Link to Us
Contact Us
 

Money in Havana - Cuban Pesos

Cuban currency - Cuban money
Cuban money exchange

Until November 8th 2004, three official currencies were accepted in Cuba. After this date only the peso convertible and the peso nacional (peso cubano) are allowed.

cuba money Cadeca exchange in Havana

Cuba Money in Havana:
The CADECA money exchange office
Obispo street Old Havana

Money in Havana: THE US DOLLAR

Before November 8th 2004 the US dollar was accepted everywhere as legal tender in restaurants, hotels, bars and the so-called “dollar shops.” The dollar is no longer accepted, and can only be exchanged for peso convertible in the official exchange agency CADECA, but you have to pay an extra 10% increase. Before there was parity: 1 dollar equalled 1 peso convertible.

Money in Havana: THE PESO CONVERTIBLE (CUC)- CUBAN COINS

The peso convertible replaces the dollar and is the only method of payment available to tourists. It exists in denominations of 100, 50, 20, 10, 5, 3, and 1 peso CUC. The Cuban coins are 1 peso, 50 cents, 25, 10, 5, and 1 cent. For recent pictures of the Cuban money go to the site of the

NATIONAL BANK OF CUBA website

On April 9th 2005 the peso convertible revalued by 8% against all other foreign currencies, so all tourists now have to pay an extra 8% to purchase the peso convertible. Including commercial margin you now receive roughly about 80 peso CUC (convertibles) in exchange for 100 US dollars and 112 peso CUC for 100 Euro (exchange rates May 2005).

Money in Havana: THE PESO NACIONAL (peso cubano) CUP

This is the internal money used exclusively by Cubans. The Cuban salaries are paid in peso nacional. 1 peso convertible equals 24 peso nacional The banknotes are 100, 50, 20, 10, 5 and 3 peso CUP. The coins are 25, 10, 5, 3 (special Che Guevara coin) and 1 centavo.

Use this money convertor to see the equivalent in cuc Peso Convertible

Amount:
From:
To:
Currency conversion powered by coinmill.com.

Money in Havana: WARNING!

Do not mix up the two Cuban Currency systems, take a good look at the color and the size of each. Never change money in a bar or on the streets, chances are great that you will get counterfeit or outdated banknotes.
Pictures of Cuban pesos
Do not change large banknotes - 100 or 50 CUC in bars or restaurants. Keep in mind that a banknote of 50 peso convertible for the average Cuban is equivalent to three months’ salary. The average salary in Cuba is 300 – 500 peso nacional (12 – 15 USA dollars a month). Don’t take much cash with you when you go out and leave your passport and credit card in the hotel safe. Cuba is a safe country but don’t jump into the nightlife with a thick wallet.

ASK YOUR MONEY QUESTIONS HERE
SEND MONEY TO CUBA

EXCHANGING MONEY IN HAVANA:

Exchange your money only in official agencies. These include exchange agencies:
- At the airports
- At the banks
- State owned exchange agencies like CADECA
- Most state owned hotels.

At this time one of the most efficient money exchanges in old Havana is the CADECA agency, located at halfway calle Obispo (Obispo street) not far from the hotel Ambos Mundos where Hemingway stayed. At the entrance you find two ATMs (automated teller machines) where you can pick up peso convertibles with your Visa or MasterCard, or you can go inside, where you’ll receive prompt and friendly service. Visa and MasterCard are only accepted if NOT issued or processed by a US bank. Thomas Cook traveller cheques are accepted; American Express traveller’s cheques ARE NOT.
For good service and money exchange we also recommend these banks:

BANCO FINANCIERO INTERNACIONAL SA
5ta avenida n° 9009 esquina calle 92
miramar playa la Habana

BANCO DE CREDITO Y COMERCIO – BANDEC
 Calle Amargura 158 esquina calle Cuba
Habana Vieja

BANCO METROPOLITAN
5ta avenida y calle 112
miramar playa la Habana

HOW MUCH PESO CONVERTIBLE IS 100 US DOLLAR ?

Convert:
Currency conversion powered by coinmill.com.

Have Some Questions About Money in Cuba?

The dual currency system, the shortgiving, money rates, can I use creditcards etc...So many questions.
Feel free to ask questions! If you can't get a prompt answer we do some research for you.
Do you have a question about this? Share it!

Enter the Title of Your Question here

Ask Your Question [ ? ]

Author Information (optional)

To receive credit as the author, enter your information below.

Your Name

(first or full name)

Your Location

(ex. City, State, Country)

Submit Your Contribution

Check box to agree to these submission guidelines.


(You can preview and edit on the next page)

What Other Visitors Have Said and Asked

Click below to see contributions from other visitors to this page...

Cuba Suffers Exodus of the Best   starstarstarstarstar
Cuba suffers exodus of the best and the brightest as economy remains in the doldrums
Havana is being emptied of young people who are choosing emigration ...

Can Fidel Castro Really Be Worth $900 Million USD?  starstarstarstarstar
If this is true it is absolutely outrageous.
When you consider the poverty that the average Cuban has to endure while scraping by on the equivelent of ...

Can you use VISA DEBIT cards in CUBA  starstarstarstarstar
Are there ATM machines in Havana Cuba? I am taking some cash but would like to draw money from my account whilst I am staying in Havana.

ANSWER ...

ATMs in Havana Cuba?  starstarstarstarstar
Hello,

I'm a Canadian and wonder if there is a Bank of Nova Scotia in Havana and if not are there ATMs for tourists? I have a MasterCard but if may ...

money to cuba  starstarstarstarstar
I have girl in cuba I want to send her some money, can anyone tell me how much she & a child need to live a week in cuba, she also works.
ANSWER by ...

Tipping in Cuba  starstarstarstarstar
What is the exceptable level of tipping for good service?
ANSWER by Vic, webmaster Havana-guide.com
First this, the average salary in Cuba is 15-...

Tips given to tourist workers in Cuba - Cuba Tipping  starstarstarstarstar
Cuba Tipping
Do Cuban workers in the restaurants and hotels get to keep all the pesos convertible and the amount that they are worth?
ANSWER : by ...

how much money should I take to Cuba   starstarstarstarstar
hi, I am staying in havana for 3 nights bed and breakfast and then 7 nights all inclusive in Varadero how much money should I bring to spend I am from ...

US Dollar To CUC  starstarstarstarstar
Going on a legally sanctioned humanitarian effort to Cuba. Looking to see if it is better to convert US$ into CAD$ or Euros before.

Is the following ...

visa cards  starstarstarstarstar
Are visa cards accepted in Cuba?

Should I convert my money back into Canadian currency before leaving?  starstarstarstarstar
Should I convert my money back into Canadian currency before leaving?

What To Know Before You Go to Cuba!.  Not rated yet
I love Cuba .
However I wish someone had passed me on some useful advice on how to avoid the pitfalls and scams when I first visited.

How I ended ...

Can I use credit cards in Cuba?  Not rated yet
I have a Visa credit card of the Scotiabank, can I use it in your country??? Thanks.
ANSWER by Vic webmaster
The Scotiabank is a Canadian bank,...

ATMs in Havana Cuba  Not rated yet
Hi, I got an visa-card by DKB, german bank with no connection to the US. I really would like to know if there is a listing of all the ATMs in Havanna. I'...

Are large euro bills accepted in Cuba?  Not rated yet
Will the banks or CADECA be able to exchange large notes, such as the 500 euro note?

ANSWER by Vic webmaster Havana-guide.com

When you exchange ...

convert money in Havana Cuba  Not rated yet
My daughter will be attenting the university of Havana and I was told we could not get CUC outside of Cuba. Is there a place to convert canadian dollars ...

how to exchange money in Cuba  Not rated yet
Can we get cuban tourist money before we go to Cuba or can we only convert money at the airport. Do Hotels convert at the bank rate?
ANSWER by Vic ...

Money exchange at the airport when leaving Cuba  Not rated yet
Can I exchange my cuc to u.s. dollars when leaving at the airport in Cuba. Is the exchange service open for business at all departure flights out of the ...

How do I bring money with me to Cuba?  Not rated yet
I am going to Cuba next week (and staying for a week, travelling totally independently - nothing pre-paid) and want to know the best way to bring money ...

Can I buy Peso Convertible Outside of Cuba?  Not rated yet
Can I buy Peso Convertible outside of Cuba?

ANSWER by Vic Webmaster havana-guide.com
You can NOT buy the Cuban Convertible Peso outside Cuba. The ...

Exchange US dollars to Cuban Pesos  Not rated yet
IS it wise to convert all US dollar travel money to pesos? then convert to Cuban money once I get there? Also what are the hours of these exchanges places ...

Can I exchange euro currency in Havana to cuc?  Not rated yet
Or only US dollars?
ANSWER by Vic webmaster Havana-guide.com

First this: DON'T USE US DOLLARS in Cuba. Since 2004 the US Dollar is not accepted ...

CUC vs Cuban peso (MN) for tourist use in Cuba  Not rated yet
I have read that it is wise to have some cuban pesos to buy food from street vendors and drinks. I'm confused. Can tourists only buy groceries and other ...

Canadian Money in Cuba?  Not rated yet
Should I bring Canadian money to exchange at the bank or American dollars?
WHAT IS THE NORMAL TIPPING RATE?

Answer by Vic webmaster Havana-guide....

Bank Account in Cuba   Not rated yet
Hi Vic.
Is it possible for a foreigner with tourist visa to obtain a Cuban bank account?
Best Regards
Soeren

Answer:
Hi,
It's possible for ...

Money in Cuba.
ATM's in Havana?   Not rated yet
I'm going to Cuba but am getting confused about the money.
I have read in a couple guide books that ATMs are sparse and some
need a PIN and therefore ...

Where can I exchange for Cuban money?  Not rated yet
Where can I exchange Euros for Cuban money?

Answer:
You can only exchange your money in Cuba in a
Cuban bank or an Official State Exchange, named ...

British Pound Exchange Rate to Cuban Money  Not rated yet
What is the exchange rate of the British Pound to cuban money?

ANSWER by Vic webmaster Havana-guide.com
Go to the link:
http://www.havana-guide....

EMERGENCY MONEY IN HAVANA CUBA

Without money in Havana? ASISTUR Emergency service for tourists in Cuba
Search for more detailed info in HAVANA-GUIDE
Custom Search


Other related pages that may interest you

Love and Marriage in Cuba - What is a Jinetera ? What is a Jinetero ?
Cinemas in Havana - Film education in Cuba.
Havana Photo Gallery - Pictures of people and tourist attractions in Havana.
Life in Havana, the cost of living in Cuba. How do Cubans survive ?
Services in Havana : Internet access, electricity, post office, taxis, camel bus, viazul autobus, health care, telephone and newspapers.


Return from Money in Havana to Havana-guide home






Money in Havana Money in Havana Money in Havana Money in Havana Money in Havana


footer for money in havana page