Money for Cuba

country Monetary unit - peso (CUP). The national currency quotation.

The Monetary unit of Cuba - a Cuban peso (=100 sentava) - before revolution of 1959 also has been equal to US dollar. Both currencies freely exchanged one to one, to have dolary the USA or Cuban pesos at that time was absolute all the same.

After 1959 the official exchange of peso for US dollars has been prohibited. There was a black currency market, and authorities began to chase underground financiers. At adverse conditions the sum in 5 USD  could ýëåìåíòàðíî  to result the citizen of island of Freedom for a prison lattice. In those not so old times for foreign tourists the special trading system and services, including the special convertible peso similar to cotters memorable to us of the Birch has been created.

In 1994 of authority have admitted free circulation of dollar, having equated it to the domestic currency. Theoretically, today the currency on Cuba can be changed in branches Banco Nacional de Cuba on an official rate - 0,9996 peso for 1 USD. But to do it it is not meaningful. Today practically all sphere of the goods and services on island is divided on two classes - dollar and pesovuju. In first - all sphere of service of tourists - hotels, restaurants, excursion offices - all tariffs here are indicated in US dollars, therefore tourists should not even convert rates of exchange. In the second class simply outfit food and manufactured goods cards of the population which at tourists simply are not present. And it is more Cuban pesos to spend practically there is nothing.

Is on Cuba and the black currency market where for cash dollar give time in hundred more than in a jar. But to tourists, for the same reason (without cards you will purchase nothing), there there is nothing. Furthermore, the population willingly accepts US dollars at a black heading. Aware people assert, that if to try for 2 USD  it is possible to acquire the sack of oranges from the Cuban peasant or of grapefruits.

In a course on Cuba the basic currency charge cards, the international traveller's cheques. Them willingly accept in high quality hotels, large shopping centres and luxurious restaurants.

P.S. The Russian tourists can attend Cuba (for the term of no more half moon and in the presence of the return ticket) without entry visas, but in the presence of the inviting deed of tour agency (voucher).