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Cuban Peso is the official currency of the Republic of Cuba. The Cuban Peso exists in two forms, one of higher value called the Cuban Convertible Currency or CUC which is used by tourists and the national currency Cuban Peso or CUP used by the locals. The CUC is valued at 25 times the CUP. The convertible Pesos has a value equal to the United States Dollar. Both the currencies are issued by the Central Bank of Cuba. The Convertible Pesos is represented by the symbol $, CUC$ and by the ISO code CUC. It is subdivided into 100 centavos. The convertible pesos has banknotes issued in the range of $1, $3, $5, $10, $20, $50, $100 and coins in the range of 1¢, 5¢, 5¢, 10¢, 25¢, 50¢, $1. The convertible pesos has an exchange rate of 65-68 Indian Rupees. Check the live rates of Cuban Pesos against the Indian Rupees here.
Cuba is a communist republic in the Caribbean. Cuba is considered to of a Latin American nation but over the time it has been a pool of various ethnic groups. The country is famous especially for its rich communist heritage and conflicts with the United States of America. Cuba is a global tourist attraction and cultural hotspot among travellers. Cuban cigars are one of the most sought-after indigenous product which has worldwide demand. It is one of the chief exports in Cuba. The Cuban economy is maintained through various aids from other countries and through tourism. An interesting fact about the country is that it is one of the few countries in the world where the United States Dollar is not accepted besides being geographically very close to the USA. The Cuban convertible Pesos has a value equal to that of United States Dollar.
There are two currencies in Cuba the Convertible Pesos, CUC and Cuban Pesos, CUP. The latter is used by the locals and former by tourists or non-residents of Cuba. The CUP cannot be used by tourists and has a value equal to that of the USD. It is impossible to get the currency anywhere else. USD are not accepted by official money changers but Euros and Pound Sterlings are accepted easily. The locals may accept the USD if you have any. So in order to get the Cuban Pesos, you have to convert the Indian Rupee to Euros from India and then convert Euros to Pesos in Cuba. The Cuban Cambios can give a better deal in exchange rate than those at airports.
| Currency | Cuban Peso |
|---|---|
| ISO Code | CUC |
| Symbol | $, CUC$ |
| Nick Name | Dollar, cuc, chavito |
| Sub Units | Centavo ( 1 $= 100 Centavos) |
| Denominations | |
| Notes | $1, $3, $5, $10, $20, $50, $100 |
| Coins | 1¢, 5¢, 5¢, 10¢, 25¢, 50¢, $1 |
| Valid in | Cuba |
The Indian Rupee cannot be directly converted to CUC in India. To obtain the Cuban currency, the Indian Rupee has to be converted to a more popular currency such as the Euro or GBP. Then Euros or GBP can be converted to Cuban Pesos in Cuba. You can easily avail forex services in buying Euro or GBP from ExTravelMoney.com. Place your order for buying currency online by choosing the vendor with the best exchange rate in your region. Then you will be contacted by one of our customer care executives to confirm the order. Make the payments online and you can even request the vendor to deliver the forex to your home and collect the KYC documents.
The Cuban Convertible Pesos cannot be converted to the Indian Rupees. In order to do so, you have to convert the Pesos to Euros or GBP from Cuban Cambios or banks before you leave the country. Then with the help of ExTravelMoney.com, you can convert the foreign currency to Indian Rupees easily. Place the order for exchange choosing the vendor with the exchange rate suitable for you in your region. Confirm the order with our support team. You can even request the services of the vendor in picking up the forex and KYC documents from your location.
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