How does the dual currency system in Cuba work?

Since Cuban currency isn't available outside of the country, you won't be able to pick up any before you head off. The best currencies to take with you to Cuba ... Jan 16, 2020 ... ... Cuba do not accept it as such. Mainly because 1) the layout of the card is quite different than most common credit cards and 2) it doesnt have ... Jan 30, 2018 ... Cuba has two currencies: you'll hear these referred to as the local currency, or Cuban Peso, and the Cuban Convertible Currency, or Cuban currency for tourists. Yes, american currency is accepted in Cuba. It will be discounted by 20%. Anyone will accept american currency, even cab drivers. But they will always discount ... As for type of currency, tourists are encouraged to use Cuban Pesos (CUP). You can exchange or buy them at the airport or resort. Cubans are also happy ... The Cuban Peso, which is used for the vast of purchases by Cuban residents, cannot freely be converted to any other currency. Dec 11, 2023 ... There were two currencies in circulation, the Cuban peso (CUP) and the convertible peso (CUC), as well as limited use of the US dollar. Exchange ... May 9, 2022 ... Now, with more than 5 million Cubans using mobile internet, informal estimates put the number of Cubans using currencies like bitcoin, ethereum ... CURRENCY RESTRICTIONS FOR ENTRY: U.S. credit and debit cards do not work in Cuba. You should bring U.S. dollars or Euros to Cuba and exchange them for Cuban ... Cuban Pesos (CUP) aka Moneda Nacional (MN) is the currency that most locals are paid in, and what they use for essential goods such as rationed food, utilities, ...