Cuba has two currency systems

The Cuban economy is unique in that it employs two currencies in the same country, that is one of the Things About Cuba You Should Know. The Cuban Convertible Peso (CUC) was one of Cuba's two legal currencies, and it was the currency most commonly used by travelers. This is due to the elimination of the dual currency system in Cuba on January 1st, 2021, when the Cuban Peso (CUP) became the sole national currency. Locally, the Cuban Peso is known as the "Peso Cubano," "Moneda Nacional," or simply "MN." It is utilized by both locals and visitors. The Cuban Convertible Peso (CUC) was one of Cuba's two legal currencies, and it was the currency most commonly used by travelers.

However, there are a few outliers. Please read the following information carefully to prevent unpleasant surprises. Some all-inclusive hotels and resorts will not take cash in Cuban pesos. Non-covered services or items, for example, are priced in Cuban Pesos in all-inclusive resorts, but you can only pay with a credit card! While completing the transaction, they will swap your local currency into Cuban pesos at the official exchange rate. When renting a car in Cuba, you must pay in foreign currency and you cannot pay in cash! When leaving the nation, you must use your local currency to get through airport security.