' ' West Cuba

Cuba - Currency and Money

Cuba uses two official currencies. One is the Cuban Peso (CBC) and the other one is the Convertible Peso (CUC). At the time of our visit, you could have 25 CBC for one CUC. Convertible peso is close to the american dollar (usd). If you can get some CBC, you will save a lot of money on purchases like food. Or you will be able to use public phones who only take cuban pesos.

Synonyms: Peso, Cuban Peso, moneda nacional, national money, cbc.

Synonyms: Convertible, dollar, convertible peso, divisa, cuc.

Average salary is about 25usd/month and it is paid in cuban pesos (CBC). This money allows cuban to pay for food, transportation and to rent an appartment. No one owns a house or a company. Everything belongs to the State. Education and health care is free.

Products that you buy with cuban pesos (cbc) are not the same as the products you buy with convertible pesos (cuc). Different buses, different beers, different personal care items. Cuban people can obtain convertible pesos by working with tourists or working with people who work with people who work with tourists (you get the point). They can also convert foreign currencies, sent by family members overseas, into convertible pesos.


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