As of January 1, 2021, there is no dual currency system in Cuba. Therefore for foreigners, it is cash only. You will not be able to use an ATM, withdraw cash, or use a debit or credit card in Cuba. So you MUST prepare to bring cash.
How much money should I bring to Cuba?
At Discover Corps we suggest bringing at least $75 USD in cash per person for each day spent on the island. This ensures visitors have plenty of money for food, any incidental expenses, and of course, souvenirs. *Note: Bring crisp fresh bills, old ones with any markings/tears will be rejected. Also, we recommend smaller bills such as 1s, 5s, 10s and 20s. It is safe to leave your money at your casa and budget yourself day by day.
What are some sample costs in Cuba?
While all scheduled activities are included in the price of your trip, there will be times when you may want to go out independently or buy souvenirs. Here is a list of some sample costs travelers can incur:
Taxi from Vedado to Old Havana: $13-$19 USD.
Renting a Classic Car: $40-$50 USD.
Artwork: $25-$130 USD.
Night club entrance fees: $13-32 USD.
Alcoholic Beverages: $2.50-$9 USD.
Cabaret (Tropicana, Nacional): $38-$130 USD.
How can I exchange my USD in Cuba?
The Cuban Peso has a fixed exchange rate of 24 CUP to 1 USD, therefore, you can expect to receive 24 Cuban Pesos for every US Dollar you convert. Once you arrive in Cuba, your Discover Corps Guide can help you exchange your USD into local pesos. You can convert at the airport, or at a Cuban bank or a CADECA (exchange bureau).
When you leave Cuba, convert any extra Cuban Pesos back to US Dollars. The Cuban Peso is not recognized outside of Cuba.
*Note: Navigating the Cuban currency system can be difficult since you cannot pay with a card, however, travelers visiting Cuba with Discover Corps are well taken care of with a host to assist you with any questions that may come up during your trip. Just follow the above guidelines and relax as you prepare for the adventure of a lifetime!