Cuban Currency

All payments in the establishments operating in foreign exchange in Cuba must be made with convertible pesos.

Convertible pesos will remain at par with the US dollar at an exchange rate of one for one.

You may exchange Euros, Canadian dollars, pounds sterling or Swiss francs for convertible pesos. The exchange rates for those currencies are set in accord with the exchange rates on the international market.

You may also exchange US dollars for convertible pesos, but a service charge of 10 percent will be levied, to protect Cuba's economic interests.

You may exchange convertible pesos for US dollars at par (at the exchange rate of one for one) or for other convertible currencies (depending on availability and at the established rates) in any of the money-exchange offices in Cuba.

Euros will still be used in the following tourist resorts: Varadero; the Jardines del Rey Archipelago; Holguín; Santa Lucía Beach, in Camagüey; Covarrubias Beach, in Las Tunas; and Cayo Largo del Sur.

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ABTA Magazine august 2009 Cuba PLUS Magazine Mice-Contact - Your gateway to new business