Currency in Cuba. Cards of credits and debits.

YOU COIN IN CUBA

A big confusion exists for the travelers in the relative thing to the different coins that are used in Cuba. We will try to clarify this topic in order to achieve a major information for the tourists who visit us.
Until the year 2004 there existed four currencies that were circulating in the Island: The Cuban Peso, Convertible Cuban Peso (more acquaintance like CUC), the American Dollar and the Euro (his alone use is valid for some tourist zones as Varadero).
In the month In November, 2004, the Cuban government eliminated the definitive circulation of the American Dollar in the whole country. Additionally in the Resolution 80/2004 emitted by the Central Bank of Cuba (BCC), it established that from November 8, 2004 the American Dollar would have a tax of 10 % in the change with regard to the Convertible Cuban Peso or by every 100,00 changed USD 90,00 CUC would be got.
In April, 2005 there takes the Agreement not 15 of the Committee of Monetary Politics, where the valuation of change of the Cuban convertible Peso in relation to the American Dollar and other foreign coins is revalued by me in 8 %. To calculate all the CUC they can be bought by an USD three elements or factors must take in account: the tax implemented by the Resolution 80, of 10 %, the appreciation announced in the Agreement not 15 of the Committee of Monetary Politics, of 8 %, and the commercial margin that is applied in this type of transactions, which is variable but it will be in the environment of 3,5 %. With these elements it is possible to be anticipated that for hundred dollars approximately 80.42 convertible pesos will be got.
The current coins that are accepted in Cuba are:

Convertible Cuban Peso (CUC).
Cuban Peso.

Persons exist without conscience who take advantage of the ignorance of the tourist, to defraud them changing to them the Cuban Pesos as if it was Convertible Pesos (CUC)
It is very simple to differentiate a coin of other one, the Convertible Pesos (CUC) in his frontal face presents the inscription “peso convertible” and the images in his faces are completely different from that of the Cuban Pesos. Next we offer images of each of the tickets.

Valor	Peso Cubano	Peso Cubano Convertible (CUC)
$1.00
$3.00
$5.00
$10.00
$20.00
$50.00
$100.00

The valuation of change between the Cuban Peso and the Convertible Cuban Peso (CUC) is:

1,00 CUC = 24,00 Cuban Peso

There exists different emission of the Cuban Pesos, we show them the last printed version because it is the most secondhand. You will only need Cuban Pesos to gain access to a limited number of products and services like they are the public transport (bus), to buy fruits and vegetables on the agricultural markets, to take a juice or to eat a pizza in the small private snack bars interspersed by the city.

Another option to realize payments in Cuba is to use credit cards. In Cuba there are accepted cards MasterCard and VisaCard in the majority of the establishments that operate in CUC. Also you can extract cash of the cards in several banks and big hotels for the whole Island, but it is advisable to bring cash since the extraction can take time and in many places only it can be paid in cash. Although a network exists already throughout the country of automatic cashiers, which facilitates to you the extraction of the money 24 hours of the day. Also you can use traveler's checks for the payment of some services.

Blanca's Apartment

Room for Rent in Havana, Cuba.
Excellent option for you travel to Cuba.

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YOU COIN IN CUBA

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Blanca's Apartment

Room for Rent in Havana, Cuba. Excellent option for you travel to Cuba.

Menu:

Accommodations Cities

Others Houses:

YOU COIN IN CUBA

Information:

Room for Rent in Havana, Cuba.
Excellent option for you travel to Cuba.