Cuban Peso

Cuban Peso

Cuban Peso overview

The peso (ISO 4217 code: CUP, sometimes called the "national currency" or in Spanish moneda nacional) is one of two official currencies in use in Cuba, the other being the convertible peso (ISO 4217 code: CUC, occasionally called "dollar" in the spoken language). There are currently 25 CUP per CUC. Most Cuban state workers receive their wages in national pesos, but some receive a portion of their salary in convertible pesos. Shops that sell basics like fruit and vegetables generally accept only the normal peso. "Dollar shops" sell the rest. The word "pesos" may refer to both types of money. Cuban convertible pesos are 25 times more valuable, but that does not completely eliminate the confusion for tourists. Since goods bought in national pesos have government-controlled prices, tourists are sometimes confused by prices that look "too cheap". The hard (CUC) pesos are easy to tell apart from the national (CUP) ones, as CUC coins have an octagonal shape within the outer round rim. The only exception to this is the most common CUP coin, the 1 peso, also has this octagonal shape. Also, CUC currency shows monuments, and CUP bills have portraits.

1 CUP to USD exchange rates chart

CUP to  exchange rates chart

Cuban Peso news

A primer on Cuba; many Minnesotans welcome a changing policy toward Cuba
A primer on Cuba; many Minnesotans welcome a changing policy toward Cuba

Located less than 100 miles from Florida, Cuba and its relations with the United States are changing rapidly.

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Cuba Cruise Tips and What to Expect Before Your Cruise to Havana

I recently sailed on Majesty of the Seas to Key West and Cuba on a 4-night cruise out of Tampa.  I chose this itinerary simply for the fact that I wanted

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What Happens When Cuba Devalues Its Peso?

For the Cuban economy to keep making progress on the

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Cuba’s communist ice cream cathedral

This state-run ‘people’s park’ offers a for-pennies indulgence for the masses and serves an average of 30,000 customers a day – and up to 600 at any one time.

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CUP currency converter