what is the currency of cuba

The national currency in Cuba is the Cuban Peso (CUP) . One Cuban Peso is equivalent to 100 cents, and there are bills of 1, 3, 5, 10, 10, 20, 20, 50, 100, 200, 500, and 1000 pesos, as well as fractional coins. The exchange of freely convertible currencies (foreign currency) for Cuban peso (CUP) is carried out at airports, banks, hotels, exchange houses (CADECA), and shopping malls, always respecting the current exchange rate of the different currencies according to the fluctuation in the world market. However, the Cuban Peso is neither valid nor exchangeable outside Cuban territory, so upon departure, it must be exchanged to the currency deemed convenient. Some casas particulares (guest houses/ bed & breakfasts), and private bars and restaurants prefer cash payments in dollars or euros. It is advisable to exchange GBP for Euros or USD before arriving in Cuba. Some hotels only accept bankcard payments, so it is recommended to check with the bank before traveling to confirm that debit, credit, and ATM cards will work in Cuba. Foreign currency in Euros, US, or Canadian dollars can be used for cash payments in duty-free shops or cafes in the departure area after passing immigration.