What currency is used in Cuba? What currency is best to exchange in Cuba?

There are two currencies used in Cuba. One is called the convertible peso, Peso Convertible, abbreviated as CUC. It is similar to our country’s previous foreign exchange certificates and can be exchanged with foreign currencies. This currency is also used by foreign tourists to Cuba. , the currency value is relatively high, 1USD is approximately equivalent to 0.9259CUC, but if you use US dollars to exchange cash, an additional 10% exchange tax will be charged (non-cash US dollars and other currencies are not charged). In Cuba, this currency is used to stay in hotels, take taxis, buy tourist bus tickets, eat and drink, buy things in supermarkets, etc. Before 2004, CUC was equivalent to the US dollar, 1USD=1CUC. There are seven kinds of banknotes: 100, 50, 20, 10, 5, 3, and 1. There are seven kinds of coins: 3CUC, 1CUC, 50 centavos, 25 centavos, 10 centavos, 5 centavos, and 1 centavo. Among them, the 1 cent is generally not used. Used when banks pay interest.

The other is called Cuban Peso, Peso Cubano, abbreviated as CUP. This currency cannot be exchanged with foreign currencies. It is mainly used by Cubans and foreigners living in Cuba such as international students. Its use is much narrower. It can generally only be used to buy agricultural products, buy things in individual restaurants or snack bars, and buy items with a price of Use it for shopping at CUP stores, taking buses, etc. 1CUC=24CUP. Before Cuba’s currency reform in 2004, 1CUC=26~27CUP. There are seven kinds of banknotes: 100, 50, 20, 10, 5, 3 and 1, but the printing is not as beautiful as CUC. There are six kinds of coins: 3CUP, 1CUP, 20 centavos, 5 centavos, 2 centavos and 1 centavos. The latter two are generally not used. , only used when the bank pays interest.