Cuba Money, currency and pesos

There's lots of different information circulating about what do do for money in Cuba. This short video is a "how to" about the currency in Cuba, how to use it, where to get it. Find out what a Cuban Convertible Peso is, where to get it, what currency to bring into Cuba, etc. Some information on ATMs and credit cards too. Current as of March 2010. Transcription of the video: Here I am in my fabulously decorated Havana hotel room and I want to talk to you about money. Cuban money. Pesos. Cuba has two currencies, the Cuban peso and the convertible peso. The Cuban peso is typically used by the locals, and tourists are stuck with the convertible peso, which is about 25 times the value of the Cuban peso. They do look very similar. So make sure you check that the one that you get says convertible peso because scams are out there. Now, this is the Cuba convertible peso. A single. I've done a lot of traveling and you don't see too many dominations of three. Tres pesos. They also come in fives and tens. And just to make things confusing, the one comes in a coin and a note, but you will typically use the note. There are also smaller coins, but considering how expensive Cuba is, you probably won't be using coins too often. This is worth approximately $1.20 US. It does not get you too much in Cuba. It is not like other Central American countries where you come thinking you're going to have a nice cheap holiday. Cuba is a very expensive place to come. The only cheap things are cigarettes and alcohol. When you come to Cuba, make sure you go to the CADECA or foreign exchange at the airport. There are two of them. The lines are always long, but it is by far the easiest place to change your money. Do not come to Cuba thinking you can get around on US dollars. They are not accepted despite what people will tell you. That was phased out in 2004 and no one will take them. The best currency to come to Cuba with is euro or pound, and then you can just change them at the airport. Australian dollars are not accepted. So, either bring in some US dollars or try and get some euros.

Comments

1. I live in Cuba in Havana
2. where you purchase the pesos?
3. In April 2015 I gave the occasional US 1$ bill as a tip and they seemed quite happy.
4. I didn't know that Cuba was expensive.
5. Thank you Great tip.
6. Actualy Cuba is a Fairly cheap place to Live for short term the only place that are Expensive are the Tourist Resort and the area near , if you go outside those area let say 15 miles away from your hotel you will be in the REAL cuba and you can have a lot of stuff for under a buck , but of course you need to know the best place to buy your goods :) I saw room for rent 10$ a night and I had meals for the equivalent of 1$US , IceCream for about a quarter. mOst important ♪ Have Fun in Cuba ☼ ♫
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8. tks for the video but i wish it was longer i just got into it an it was over
9. What happens if a tourist gets regular pesos instead of convertible pesos
10. thanks that video helps
11. You've got to be shitting me!!! A CUC is worth more than 1$ US. Okay I will never be travelling to Cuba.