Cuba The Cuban Peso (CUP) is the official currency of Cuba, used primarily by locals for everyday transactions. Introduced in 1857, it has undergone multiple reforms, including the elimination of the Cuban Convertible Peso (CUC) in 2021. The currency is issued by the Central Bank of Cuba and is subject to strict government control. While the CUP is the official means of exchange, foreign currencies like the US dollar and euro are widely used for specific transactions, particularly in the tourism sector.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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