![]() Don't spoil your trip in Cuba by potentially being short of funds.Įxchange only small amounts of money to CUP at any one time. For example, to tip a musician $1, you would give 150-160CUP (convert using the informal exchange rate)Īlways take more rather than less, because Cuba is likely to be more expensive than you imagine. GBP and CAD are often accepted, but may not be accepted in all restaurants, casas, taxis etc.īring plenty of small bills (5, 10, 20). Since locals cannot deposit 1s in the bank, for payments and tips less than $5 it's better to use CUP. A good rule of thumb is 100USD equivalent per day if you are paying most of your expenses locally.ĮUR and USD are the most useful currencies. Access to your funds outside of Cuba may not be possible so bring more than you expect to spend, just in case. ![]() Is accepted by some guesthouses and a couple of restaurants in Havana.īring plenty of cash.The remaining balance of your MLC card will not be refunded.Some government stores in Cuba accept only MLC, these cards can be used there.You cannot purchase these cards with USD, only with EUR or other accepted currencies.There is a US $5 charge for the card, so for example, you will pay €50 for a card worth US $45.MLC pre-paid cards are sold at CADECAS in denominations of US $50, $100 $200, $500, and $1000.MLC cards and some foreign credit cards are accepted in Government businesses such as restaurants. Because of this fixed value, it is often simply referred to as “dollars”. MLC (‘Moneda Libremente Convertible’) is Cuba’s official digital currency that represents a value of 1 MLC = 1 USD. We recommend that you check with your bank before you come to Cuba and have a back-up plan for obtaining cash in Cuba in case your credit card does not end up working. Some rechargeable Travel Cards (Visa and Mastercard) may work in Cuba even though obtained through these banks. We do know that Visa credit cards obtained through the following banks will NOT work in Cuba: You will need a pin number for your credit card to be able to use the ATMs.Įxcept in rare circumstances, no Card issued by a US institution will work in Cuba, so it is important to check that your bank is not associated with a US financial institution. The ATMs (Automatic Teller Machines) should work in Cuba for Visa, Mastercard, and American International Service (AIS). Cirrus and Maestro are not accepted at all in Cuba. Possible throughout Cuba and from accounts in every currency, except for cards linked to banks in the United States. Credit Card - Cash advances (Visa and MasterCard).Exchanging traveller’s cheques to CUP.Exchanging cash between foreign currencies and CUP.The Official Exchange Houses (CADECA) in all cities around Cuba. The informal rate should be seen as a suggestion, you may not receive this rate. A popular resource for the unofficial exchange rate is the website El Toque. This is a common, but not legal, practice. These transactions were previously prohibited under rules issued in June 2021.įoreign currencies can be exchanged to CUP (at the official government rate) at airports, banks, hotels, exchange houses (CADECA), and shopping malls. They can also be exchanged in the informal markets (black market) usually at a rate much higher. Locals can now exchange USD for CUP and other foreign currencies and deposit USD cash into their bank accounts. As of Apall prohibitions on exchanging and depositing USD have been removed.50-100EUR).Ĭlick here to see current exchange rates USD We strongly recommend exchanging only small amounts of CUP currency at any one time (e.g. ![]() These currencies can be exchanged at the CADECA and at most banks (surcharge is 2% for most currencies and 8% for USD).British Pounds ( GBP) has the highest official exchange rate but may not be as in demand by local businesses.īelow is the complete list of foreign currencies These are the most widely accepted by locals therefore they can be used to pay directly to businesses or to exchange for CUP. Which Currency Should I Bring to CubaĮuros (EUR) and US Dollars (USD) are the best currencies to bring to Cuba in the areas where our tours visit. All other currencies have a 2% conversion fee. When changing USD, an 8% conversion fee will apply so the effective rate is 110CUP = 1USD. Foreign currencies (especially USD and EUR) are also widely used.Ĭuban Pesos ( CUP) formally have a fixed value of 25 CUP = 1 USD, however, as of Augthe government has set the foreign currency exchange rate at 120CUP = 1 USD. Cuba’s official currency is the CUP - Peso Cubano. The monetary situation in Cuba is quite complex.
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