![]() ![]() You must exchange your remaining pesos before leaving the country. ![]() It’s strictly forbidden to take Cuban Pesos out of Cuba It's the only foreign currency that was penalized with this surcharge since 2004. This currency is not traded internationally, so it cannot be bought in advance outside Cuba.Īs of mid-July 2020, the 10% tax on USD in cash has been removed. But on December 10, 2020, the Cuban President Miguel Diaz-Canel announced the unification of the two currencies resulting in the abolition of the CUC, starting January 1, 2021.ĭenominations of Cuban Peso (CUP) Banknotes :ġ, 3, 5, 10, 20, 50, 100, 200, 500, and 1000 pesosĭenominations of Cuban Peso (CUP) Coins : One is the Cuban Peso (CUP) and the other is the Cuban Convertible Peso (CUC), the latter was pegged to the US dollar at par (see history of the CUC below). ![]() The state-run banking system set a new rate of 120 pesos to the US dollar, compared to the previous official fixed rate of 24 pesos, and ~115-120 pesos on the informal/black market.īetween 19, Cuba adopted a dual-currency system, both called pesos. $1.00 USD = 120 CUP (since August 4, 2022)*Ĭheck the Banco Central de Cuba website for other currencies and up-to-date rates available at various Cuban banks: Ĭuba announced it will begin purchasing dollars (and other convertible currencies: CAD, EUR, MXN, etc.) from individuals at nearly five times the current rate in an effort to undercut the informal (black) money market. Since January 1, 2021, there is now only one currency in Cuba:
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