Cuban peso
currency of Cuba
The official currency of is the Cuban peso (CUP), which is issued by the Central Bank of Cuba. The currency is used domestically, with banknotes available in denominations of $1, $3, $5, $10, $20, $50, $100, $200, $500, and $1,000, and coins in values of 1¢, 2¢, 5¢, 20¢, $1, $3, and $5. The official exchange rate is approximately US$1 = 24 CUP, though unofficial rates in private sectors may offer up to US$1 = 120 CUP, making the unofficial rate significantly more favorable for travelers. Foreign currencies such as the US dollar (USD), euro (EUR), and British pound (GBP) are widely accepted in private businesses, but state-run establishments typically require payment in Cuban pesos.
Factsheet
ISO 4217
Code CUP (numeric: 192)
Subunit 0.01
ISO 4217
Code CUP (numeric: 192)
Subunit 0.01
Wikipedia
en.wikipedia.org › wiki › Cuban_peso
Cuban peso - Wikipedia
3 weeks ago - Henceforth the Cuban Peso became the only legal tender in Cuba, CUCs were converted at the rate of 24 CUP/CUC, and a single official exchange rate of 24 CUP/USD became applicable for both public and private transactions. However, demand for hard currency made these exchange rates unavailable ...
Cuba Group Tour
cubagrouptour.com › us › money-and-currency-in-cuba
Money and Currency in Cuba | Cuban Adventures
1 week ago - The monetary situation in Cuba is quite complex. Cuba’s official currency is the CUP - Peso Cubano.
Videos
04:40
Dollars or Pesos? What to Know About Money in Cuba - YouTube
03:15
What you need to know about Cuba's 2 currencies - YouTube
04:18
Cuban Peso Crashes to Record Low — Falls to 400 per Dollar | ...
02:00
"Life at 400 Pesos Per Dollar — Cuba’s Deepening Crisis" | ...
02:00
"Cuba’s Economy at a Crossroads: Dollar Dependence Deepens" | ...
11:09
Cuba Currency UPDATED 2021 ( ALL YOUR QUESTIONS ANSWERED) #cuba2021 ...
Investopedia
investopedia.com › terms › c › cup.asp
What Is the Cuban Peso (CUP)? History and Currency Insight
November 24, 2003 - The Cuban peso (CUP) is the official currency of Cuba, used for daily transactions by citizens and issued by the Central Bank of Cuba. As the nation's staple medium of exchange, it replaced the Spanish real in 1857 and has since been an integral ...
What should I do for currency in Cuba and how much money should I bring?
Hello colleague, I am Cuban and what I can tell you is that you do not need to exchange anything for CUP, Canadian or American money is more welcome at the moment due to the situation that our country faces. At this moment the value of the cup is literally mediocre. toilet paper so I advise you to bring your own currency so you won't have any problems. More on reddit.com
36
4
June 6, 2024What Currency to bring to Cuba
Just returned from Cayó Coco yesterday. On those keys you’re pretty much to pay only in USD when paying with a credit card. They do refuse and don’t accept pesos in cash there. Once you go to the main island, then the latter is fine, but will gladly accept your USD cash at their exchange rate. Maybe it’s different in Havana though.
More on reddit.com 45
10
May 10, 2021Travel experience with currency - a small guide
Hey there just going to say I disagree about changing small amounts / paying with fc if you have USD. Exchanging privately helps Cubans (if you can find someone) and makes a huge difference in prices. USD exchange rate is inconsistent and poor where offered for goods & services.
More on reddit.com 10
15
March 10, 2021I’m in cuba now, first tip Do NOT exchange your money in the exchange store, infact your 50$ usd or cad be equal to 4000 to 5000 if you negotiate!! We got scammed they gave us 1500 for 60$ usd lol and no one there to tell u …
You should have asked first in reddit or googled about it. in fact when you exchange your money in the "black market" you get a much better deal. More on reddit.com
56
44
May 18, 2022TripCuba
tripcuba.org › currency-in-cuba
Currency in Cuba
February 5, 2016 - The only official currency in Cuba since January 1, 2021 is the CUP (Cuban Pesos).
Reddit
reddit.com › r/cuba › what should i do for currency in cuba and how much money should i bring?
r/cuba on Reddit: What should I do for currency in Cuba and how much money should I bring?
June 6, 2024 -
I’m travelling to Varadero from Canada on the 21st of June. This is my first vacation so i’m not really sure how to go about bringing spending money and etc,. I’ve been told to convert my trip money to CUP but i’ve also been told to bring USD and/or CAD. I’ll be staying in Varadero for 7 days and I just want to know what currency should I bring with me and how much money should I realistically bring for 7 days?
Top answer 1 of 18
9
Hello colleague, I am Cuban and what I can tell you is that you do not need to exchange anything for CUP, Canadian or American money is more welcome at the moment due to the situation that our country faces. At this moment the value of the cup is literally mediocre. toilet paper so I advise you to bring your own currency so you won't have any problems.
2 of 18
8
USD is best, if you can get singles at bank would be ideal. If not you can tip 5.00 at pool bar for your first drink of the day and you'll be fine.Also tip 5 or 10 dollars for the night show. You may also went to bring Tylenol to give away.
Cubania Travel
cubaniatravel.com › home › understanding cuban money
Understanding Cuban Money | Cubania Travel
October 9, 2024 - Until 1st January 2021, Cuba had spent nearly 20 years living and working with 2 currencies, the CUP ( Cuban Peso ) and the CUC ( Cuban Convertible Peso ). The CUP was the everyday currency used to pay wages, utilities and basic foodstuffs.
Cuba Travel
cuba.travel › en › useful-information › cuban-currency
Currency in Cuba | Payment methods | Cuba Travel
Traveling to Cuba? Find everything about the Cuban currencies, banks, credit cards and currency exchange in the Official Website of Cuba.
XE
xe.com › en-us › currency › cup-cuban-peso
CUP - Cuban Peso rates, news, and tools | Xe
May 20, 2009 - The Cuban Peso is the currency of Cuba. Our currency rankings show that the most popular Cuban Peso exchange rate is the CUP to USD rate.
Havana Times
havanatimes.org › home › cuba has a new us dollar-peso exchange rate
Cuba Has a New US Dollar-Peso Exchange Rate - Havana Times
1 month ago - In addition to the rates of 24 x 1 USD for state enterprises and 120 x 1 USD for tourism, the Government creates a floating rate aimed at capturing foreign currency from the informal market. ... HAVANA TIMES – Cuba’s economy woke up this December 18 to a long-announced development, carefully wrapped in the language of “gradualism”: the Central Bank of Cuba launched a third official exchange rate of a floating nature.
XE
xe.com › home › currency converter › 1 usd to cup - convert usd to cup
1 USD to CUP - US Dollars to Cuban Pesos Exchange Rate
May 20, 2009 - Our currency rankings show that the most popular Cuban Peso exchange rate is the CUP to USD rate. The currency code for Cuban Pesos is CUP.
Paytm
paytm.com › home › financial tools › currency converter › browse currency › cup - cuban peso
Cuban Peso (CUP) : Cuban Peso Conversion Rates, News, Symbol, etc.
The Cuban Peso (CUP) is the official currency of the Cuba and its currency symbol is ₱. You can find Cuban Peso conversion rates and other important information about CUP.
Wise
wise.com › us › currency-converter › cup-to-usd-rate
1 thousand Cuban pesos to US dollars Exchange Rate. Convert CUP/USD - Wise
Convert 1 thousand CUP to USD with the Wise Currency Converter. Analyze historical currency charts or live Cuban peso / US dollar rates and get free rate alerts directly to your email.
Wise
wise.com › us › currency-converter › usd-to-cup-rate
1 US dollar to Cuban pesos Exchange Rate. Convert USD/CUP - Wise
Convert 1 USD to CUP with the Wise Currency Converter. Analyze historical currency charts or live US dollar / Cuban peso rates and get free rate alerts directly to your email.
Wise
wise.com › us › currency-converter › usd-to-cup-rate
US dollars to Cuban pesos Exchange Rate. Convert USD/CUP - Wise
Convert USD to CUP with the Wise Currency Converter. Analyze historical currency charts or live US dollar / Cuban peso rates and get free rate alerts directly to your email.
Anywhere
anywhere.com › cuba › travel-guide › money
Cuba Travel Guide - Using Money & Local Currency in Cuba
Travel on local buses also requires the use of pesos. On signs, the peso is often designated by “$” however, CUCs will sometime share this symbol as well. When in doubt, ask which currency is accepted.
Wise
wise.com › us › currency-converter › usd-to-cup-rate
100 US dollars to Cuban pesos Exchange Rate. Convert USD/CUP - Wise
Convert 100 USD to CUP with the Wise Currency Converter. Analyze historical currency charts or live US dollar / Cuban peso rates and get free rate alerts directly to your email.
Cuba Platform
cubaplatform.org › dual-currency
Dual Currency — Cuba Platform
First, in 1993, Cuba legalized the possession and use of US dollars. Then, in 2004, the government banned their use in shops and other businesses and replaced them with a second Cuban currency: convertible pesos (CUC).
Reuters
reuters.com › world › americas › cuban-currency-hits-record-low-dollarization-gains-ground-2025-08-11
Cuban currency hits record low as dollarization gains ground | Reuters
August 11, 2025 - HAVANA, Aug 11 - The Cuban peso traded on the informal market at an all-time low of 400 to the dollar on Monday, as the partial dollarization of the state-dominated economy gained momentum, stoking social tensions amid scarcity of basic goods, ...
Cubanadventuresusa
cubanadventuresusa.com › money-in-cuba-for-americans
Cuba Money & Currency | A guide for Americans
The reason for this question is a little thing called the “To Heck With Your Embargo” tax. Ok, it’s not actually called that, but it is a 10% tax that the Cuban government charges for changing US dollars to Cuban currency.
Wikipedia
en.wikipedia.org › wiki › Cuba
Cuba - Wikipedia
3 days ago - On 1 January 2021, Cuba's dual currency system was formally ended, and the convertible Cuban peso (CUC) was phased out, leaving the Cuban peso (CUP) as the country's sole currency unit.