When you decide to make any trip it is very important to know the standard of living in the country and some of the prices of the products that you will need.
We have to avoid headaches and know the current equivalence of the currency and it is also convenient to make sure of the legal tender of the destination.
The official currency of Cuba
In Cuba there are two currencies in circulation: the Cuban peso and the convertible peso. For that reason, we will offer more details to avoid possible scams.
This currency is used by Cubans and its ISO code is CUP. There are notes of 1; 3; 5; 10; 20; 50; 100; 500 and 1,000 pesos and coins of 1 and 3 pesos and 1, 2, 5 and 20 cents.
This currency is used by tourists and its ISO code is CUC. This does not mean that we cannot use Cuban pesos (CUP), but we must know that most of the items sold to us are in convertible pesos.
We can find coins of 1 and 5 pesos and of 5, 10, 25 and 50 cents. The convertible peso notes are 1, 3, 5, 10, 20, 50 and 100. And it is advisable to look for notes with small value.
Next, we explain where you can proceed to change the currency.
1. CADECAS (bureaux de change)
These are the Cuban exchange houses and without doubt the best place to change or withdraw money. Also, sometimes they will ask us for our passport.
2. ATMs in the bureau de change
If you do not want to stand long lines at the exchange offices, you can withdraw money from the ATMs.
Cuba is full of ATMs, so we should not have any problem to get money from them.
4. Pay with card.
Except in big hotels or in specific shops, paying by card in Cuba is not difficult; that’s why it’s good to carry cash. If the card has not been issued by a US bank, it is only accepted in some establishments.
Standard of living in Cuba
Everyone knows that Cuba is one of the preferred destinations because of its low prices. It should be noted that sometimes you can negotiate the price and you agree to negotiate and haggle with the taxi driver, however in restaurants and many stores the prices are not negotiable.
To give you an idea of the standard of living in Cuba, a taxi can cost about 25 or 30 convertible pesos from the airport to Havana, and there is a distance of around 20 kilometres.
You can eat at a restaurant from $5 and if you like McDonald’s, you might spend a little less. And, finally, as far as transportation is concerned, the services are very cheap and you can have a monthly subscription for only 9 dollars.
After this summary, we just wish you a happy stay in the pearl of the Caribbean. A country in which you will have a great time and you will know the kindness of its people and its culture.