Picture this – we are in Bogota after three and half glorious weeks in Colombia but excited about our next stop, Cuba. We’ve planned three nights / two days in Colombia’s capital to get Cuba ready but unknowingly to us it’s a flippin’ bank holiday weekend and all the shops are closed. We don’t have our Cuba Travel Cards and we don’t have any Cuban currency. Naturally, I am freaking out and Craig is trying to be practical. So learn from our mistakes and be Cuban currency ready.
- What Currency Do Cubans Use?
- Can I Get Cuban Currency in the UK/US/Etc?
- What Currency Should I Take to Cuba?
- You’re Scottish, What’s the Issue?
- What Was The Solution for Cuban Currency?
- Why So Much Money?
- Get the Cuba Guides
- Products from Amazon.com
- The Reality of Bank Charges in Cuba
- CUC v CUP
- How to get Cuban Currency
- Should I Exchange Dollars at my Casa?
- Did you find this useful? Why not over over image and pin to Cuba board?
- Any currency ‘mares you’d like to share?
What Currency Do Cubans Use?
There are two currencies in Cuba. The Cuban Convertible Peso (CUC) – the so called Cuban tourist currency which you will use frequently. The other is the Cuban Peso (CUP), which you might use for street food but in all honesty, we could have lived without it. The only time I was desperate for CUP was when I heard Che Guevara’s face was on the three CUP note!
Can I Get Cuban Currency in the UK/US/Etc?
No, I’m afraid you can’t get Cuba currency anywhere apart from in Cuba. However, we have handy advice below to help you not get ripped off in Cuba.
What Currency Should I Take to Cuba?
You can’t buy CUC or CUP in other countries like you can buy euros for your trip to, say, Italy. As a workaround, it is recommended that you take either of the following three currencies to Cuba (in cash):
- Pound sterling (GBP) – best exchange rate
- Euros – second best but seems to be most popular option from discussion
- Canadian dollars
Once you are in Cuba you can exchange the above. You should never take American dollars to buy Cuban currency (at present anyway!) There is a 10% penalty charge when you exchange USA dollars for Cuban currency as well as 3% currency exchange fee.
You’re Scottish, What’s the Issue?
Correct, we are Scottish and we did not win the referendum in September (2014) so we still use the British Pound Sterling, a desired currency in Cuba and the coin with best exchange rate!
So if we were leaving for Cuba from home we would have been laughing. However, this was not the case, we had been on the road for three months and had lived off four different currencies. It wouldn’t have been wise to carry £900 around South America in preparation! We did have £100 on us for emergencies, this being one.
What Was The Solution for Cuban Currency?
Craig spent one morning in Bogota going back and forth between the ATM and the money exchange, exchanging his Colombian pesos (COP, not to be confused with CUP) for euros. Unfortunately, the money exchange didn’t have any sterling, which was our desired currency. Craig had to transfer more money to another account once he had reached his limit on the first card. He visited four different money exchange shops in total. He was told to go back mañana (tomorrow) if he wanted Canadian dollars but we flew the next day so that was not possible. We left Bogota with €400 in total – half of what we hoped for. After arrival, we found out that the Canadian dollar actually had the lowest rate for exchange out of the three.
Why So Much Money?
Advice from fellow travellers and bloggers was to take the amount of money you plan to spend to avoid ‘hole the wall’ charges. I was wary of carrying around close to £1K with us but we were reassured that Cuba was the safest country that they had visited. A fellow blogger, Nick from Goats on the Road suggested we budgeted $90 / £58 per day. No way I cockily thought, we’d stick to our normal £45 per day budget. And we all know how this went down (we spent well over budget, read here for our three weeks in Cuba travel budget).
Get the Cuba Guides
If you are going to buy a guide for any trip, it’s this one. Limited WiFi and internet makes planning a challenge. Invest in one to these travel guides to keep you right on transport, food and things to do.
The Reality of Bank Charges in Cuba
Cuba is expensive in relation to the previous countries we have visited! ATMs charge you $4.50 / £2.93 every time you use it and the max you can withdraw is $150 / £96.70. Pain in the purse! We also heard some banks may switch off the ATM so do it in office hours although we didn’t have this issue.
CUC v CUP
You will mainly use CUC for travel, food, activities, accommodation, etc. CUP can be used to buy market food, fruits, flowers. One CUC is 24 CUP. Please don’t tip in CUP, it’s insulting! When we arrived at the airport we exchanged a small amount of Euros into CUC and then at the hostel we exchanged some CUC for CUP (although we came home with most of it!)
How to get Cuban Currency
CADECA are the money exchange houses in Cuba – be prepared to queue. Cubans love to stand in line. Come equipped with your passport or you’ll queue for an age and then be disappointed. I read that CADECA shops close at 3pm so get there early. So although changing money in Cuba is not impossible, it might be taxing on time. There are two CADECA at Havana airport, check upstairs for the quieter one (there was no queue when we arrived). Always take your passport when exchanging money. Banks are also another option for exchanging cash.
Should I Exchange Dollars at my Casa?
So this is an update as of 2017, a reader asked on our scams in Cuba post whether to exchange American dollar for CUC at their casa found through Airbnb. I asked around and fellow bloggers who have recently been to Cuba said that they were offered this too and declined opting to order euros instead and exchange some at the airport then in Havana itself.
I hope this has helped answer your question – what currency do you use in Cuba. To recap, exchange British pound for CUC and swap a local some CUC for CUP (you can’t buy Cuban Pesos), but you could travel without doing this.
FUN FACT – we didn’t have to pay an exit tax at the airport when leaving as suggested online, thankfully as we didn’t have the correct money! I was sweating at the thought of doing a whip round at 5am.
P.S. The ATM at Havana Airport did not work when we were leaving for Vancouver. See Fun Fact. Stressed out my box!
Update: Cuba now has 3G capabilities, you heard it here first!