changing money in cuba
by cochinjew
For those who may not know, there are two Cuban legal tenders: Moneda Nacional, or Cuban Peso which trades at 24 to 1 CUC or chavito for short. then almost everything a tourist would need has to be paid for by this artificial currency called CUC. they charge 11 percent to change the major currencies into cuc. so if today 1 euro is 1.56 usd, they will give you 1.49 cuc for each euro, since usd is not legal and is punished, when you change one us dollar you might end up getting 79 cents of the CUC.. only about 50 % of the Euro. Euro is the best currency for Cuba.. as it is in many parts of the world right now, but in toher countries because of the weak dollar..Money is changed in cambio kiosks called CADECAs or at major banks. Banks keep bankers hours but CADECA may be open until late, also there are CADECA offices at major hotels, like Nacional, Libre, Presidente etc