The Cuban National Peso (CUC$) is the national currency.
This is a closed currency; it can only be obtained and used in Cuba, making it worthless outside of Cuba. Inflation is currently very high in Cuba, so we recommend bringing over Euros in cash as this offers much better value for money locally. Many restaurants and bars have started to price up in Euros; some taxis have also started to accept the Euro. We recommend small denominations as tips do go a long way in Cuba; you will probably get Cuban Pesos in your change, so please bear this in mind and use these in Cuba, as you can’t change them back. Some websites advise you to bring the U. S dollar and while some restaurants and taxis will take the dollar, and even sometimes ask if you have them, Cuban banks have stopped accepting cash deposits in US dollars, so we don’t recommend it.
Unfortunately, card payments are not currently being accepted in most restaurants, and bars; most international hotels however, will accept cards as long as they haven’t been issued by an American bank. You should check with your bank if your credit or debit card is accepted in Cuba before you travel.
Cash machines are not only few and far between but are also empty most of the time. If you do manage to withdraw cash, it will be in the Cuban Peso, so it’s important to bring enough cash with you for your stay.
If you must change any money locally, you should only use official local exchange bureaus called Cadeca exchange houses, local banks, and international hotels, do not change money with local people who may claim to offer exchange facilities at better rates or without queuing. You can change Sterling, English though as Scottish, Welsh and Northern Irish Sterling will not be accepted.
You should change your currency into euros before entering Cuba, ensuring that you have enough cash with you for your stay.
This information is for guidance purposes only and is subject to change. For more information, and to monitor for any changes please see the FCO website: Money - Cuba travel advice - GOV.UK (www.gov.uk)