Cuban peso
currency of Cuba
The official currency of Cuba is the (CUP), issued by the Central Bank of Cuba. It is used for transactions at state-operated sites such as museums, parks, state-run restaurants, and official government services. The Cuban peso is pegged to the US dollar at an official rate of 1 USD = 24 CUP, though unofficial exchange rates in private sectors may offer up to 120 CUP per USD.
Cuba also has a range of banknotes in denominations of $1, $3, $5, $10, $20, $50, $100, $200, $500, and $1,000, as well as coins in values of 1¢, 2¢, 5¢, 20¢, $1, $3, and $5. Travelers are advised to bring small denominations of US dollars, Euros, or Canadian dollars, as these are widely accepted in private businesses like casas, taxis, and private restaurants. However, ATMs and banks typically offer the official exchange rate, which is less favorable than private exchange rates, and many travelers choose to pay in foreign currency to avoid the poor official rate.
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 › money-and-currency-in-cuba
Money and Currency in Cuba | Cuban Adventures
2 days 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
02:11
Cuba opens first grocery store taking US currency in two decades ...
10:16
Money in CUBA - YouTube
02:29
What will Cuba’s new single currency mean for the island? - YouTube
11:09
Cuba Currency UPDATED 2021 ( ALL YOUR QUESTIONS ANSWERED) #cuba2021 ...
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.
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 Candela
cubacandela.com › home › money in cuba: everything you need to know
Money In Cuba: Everything You Need To Know - Cuba Candela
January 15, 2025 - Then, in January of 2021, the dual currency system was eliminated, and the Cuban Peso became the only officially recognized currency in circulation.
Tour Republic
tourepublic.com › home › the cuban currency explained for travelers (2025 update)
Cuban Currency: The Ultimate Guide for Travelers (2024 Update)
January 2, 2025 - The official Cuban currency is the Cuban Peso (CUP) —often referred to as “Peso Cubano,” “moneda nacional,” or simply “MN”. As a traveler, it’s also the currency you’ll use for most transactions during your stay.
Cuba Unbound
cubaunbound.com › money-cuba
Money in Cuba | Cuba Unbound
August 4, 2025 - For travelers planning an extended stay in Cuba and intending to use public transportation or shop at local markets, it is not strictly necessary—but may be helpful—to exchange a small amount of money into Cuban pesos (CUP) to simplify everyday ...
TripCuba
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).
Wikipedia
en.wikipedia.org › wiki › Cuban_convertible_peso
Cuban convertible peso - Wikipedia
October 29, 2025 - On 8 November 2004, the U.S. dollar ceased to be accepted in Cuban retail outlets and left the convertible peso as the only currency in circulation in many Cuban businesses. Officially exchangeable only within the country, its value was increased to US$1.08 in April 2005, but reverted to US$1.00 ...
Cayo Coco Cuba
cayocococuba.net › currencies.html
Cuban Currency | Cayo Coco, Cuba
As the Cuban Peso is the only official currency, in theory, you should be able to pay for anything with CUP, but in reality this is NOT always the case. Any Cuban and private business would usually be glad to accept (and often strongly prefer) foreign currencies.
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.
Holguincuba
holguincuba.net › currencies.html
Cuban Currency | Holguin, Cuba
As the Cuban Peso is the only official currency, in theory, you should be able to pay for anything with CUP, but in reality this is NOT always the case. Any Cuban and private business would usually be glad to accept (and often strongly prefer) foreign currencies.
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.
Anywhere
anywhere.com › cuba › travel-guide › money
Cuba Travel Guide - Using Money & Local Currency in Cuba
CUCs – pronounced “say-oh-says,” but simply called “kooks” by most people – come in the following denominations: 1, 3, 5, 10, 20, 50, and 100. There are 1, 5, 10, 25, and 50 centavo coins.
Love Cuba
lovecuba.com › home › faq's › what is the best currency to use in cuba?
FAQ's | Love Cuba | What is the best currency to use in Cuba?
The Cuban National Peso (CUC$) is the national currency. This is a closed currency; it can only be obtained and used in Cuba, making it worthless outside of Cuba. Inflation is currently very high in Cuba, so we recommend bringing over Euros in cash as this offers much better value for money locally.
Home to Havana
hometohavana.com › blog › currency-in-cuba
Cuba Currency: Local's Guide For Travelers [2024 Update]
January 5, 2024 - You’ll get triple or quadruple the amount of Cuban pesos if you change your money with an unofficial money changer. Legally, the only currency you can use in Cuba is the Cuban peso (CUP). However, most Cubans would be glad to accept foreign ...
XE
xe.com › 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.
Tripadvisor
tripadvisor.ca › caribbean › cuba › matanzas province › varadero › varadero travel forum
What Currency To Use? - Varadero Forum - Tripadvisor
Answer 11 of 97: I just came back from Varadero Dec 13 and it is important to know that Cuba only has the Cuban Peso Currency. The CUC is not used anymore. The Cuban Peso is worthless and is not really accepted in many places.
Xe
xe.com › home › currency converter › 1 cup to cad - convert cup to cad
1 CUP to CAD - Cuban Pesos to Canadian Dollars 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.
Locallysourcedcuba
locallysourcedcuba.com › currency-in-cuba
Currency in Cuba
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