Cuba is unlike almost any other destination on earth. Classic cars, crumbling colonial architecture, extraordinary music and a culture that feels genuinely untouched by the modern world. But from a money perspective, it is also one of the most unusual places a UK traveller can visit, and it pays to go prepared.
What Is the Official Currency of Cuba?
Cuba's official currency is the Cuban peso, abbreviated as CUP and displayed with the symbol $. One peso is divided into 100 centavos. Banknotes come in denominations of 1, 3, 5, 10, 20, 50, 100, 200, 500 and 1,000 pesos.
The numbers can feel unfamiliar at first. A street food snack might cost a few pesos, while a meal at a private restaurant could run to several hundred. Once you get used to the scale, it becomes more intuitive.
It is worth knowing that the Cuban peso has no value outside Cuba and cannot be bought before you travel. You will need to exchange money after you arrive.
An Important Note for 2026: Cards Are Not Working in Cuba
As of June 2026, Visa and Mastercard transactions have been suspended in Cuba. This means that international debit and credit cards cannot currently be used for purchases or ATM withdrawals. Cuba was already a heavily cash based economy, but this development makes it even more critical to arrive with sufficient cash to cover your entire trip.
The situation with international cards in Cuba can change, so it is always worth checking the latest Foreign, Commonwealth and Development Office (FCDO) travel advice before you go. But for now, you should plan on cash being your only option.
What Currency Should You Bring?
Since you cannot buy Cuban pesos before you travel, you need to arrive with a foreign currency to exchange on arrival. Euros are the most practical choice for UK travellers. They are widely accepted at official exchange offices and attract lower fees than some other currencies. US dollars are subject to restrictions and are generally best avoided.
Pounds can be exchanged in Cuba, but the options are more limited and rates may not be as favourable as euros.
The most sensible approach is to order euros before you leave the UK, bring enough to cover your whole trip, and exchange into Cuban pesos as you need them once you arrive.
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Exchanging Money in Cuba
Official currency exchange is carried out at CADECA offices, which are found at airports, banks and some hotels. These are the authorised and safest places to change money. Always use official exchange points rather than informal street changers, where the risks of counterfeit notes and short changing are genuine.
How Much Cash Should You Bring?
Because cards are not currently working and ATM access for international visitors is unreliable, you need to bring enough cash to cover everything for the duration of your trip. Running out of money in Cuba is a situation you really want to avoid.
As a rough guide, budget around £75 to £100 per person per day as a starting point, though this will depend heavily on your travel style and accommodation. Private guesthouses (casas particulares) and private restaurants (paladares) are often better value than state run options, but still require cash. Factor in tips, transport, entrance fees and anything else you plan to do, and add a meaningful buffer on top.
It is far better to return home with euros to exchange back than to find yourself short in Cuba with no way to access more funds.
Tipping in Cuba
Tipping is important in Cuba and is genuinely valued by the people who work in the tourism industry. Musicians, tour guides, restaurant staff, hotel workers and taxi drivers all appreciate a tip. Even small amounts make a real difference. Budget for tipping as part of your daily spend rather than treating it as an optional extra.
Practical Money Tips for Visiting Cuba
Arrive with euros in cash, as cards are not currently working for international visitors and GBP is not commonly exchanged
Bring enough to cover your entire trip, plus a sensible buffer
Exchange money only at official CADECA offices, banks or authorised hotel desks
Keep exchange receipts so you can convert unspent pesos before leaving
Store your cash securely, splitting it between different locations
Check the latest FCDO travel advice before you go, as the situation with cards can change
Budget for tips as part of your daily spending, not as an afterthought
Cuba is genuinely one of the most memorable places you can visit, but it requires more financial preparation than almost any other destination. Going in with a clear plan and plenty of cash in the right currency makes the difference between a smooth trip and a stressful one.
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