Now, if you’ve read our Ultimate Cuba Backpacking Guide, you’ll know that Cuba has two official currencies:
- The CUC
- The CUP
We won’t go into detail here, but the gist is that the CUC is a tourist currency only meant for foreigners and the CUP is the currency the Cubans are meant to use.
If it sounds confusing, well, yeah, it is at first. You’ll get the hang of it within a couple of days, but what you need to remember is that CUC prices are – not surprisingly – much higher than CUP prices. As in, 25 times higher. That means if you’re trying to do Cuba on a budget, you’ll want to pay CUP prices whenever it’s possible. Rest assured that goods meant for tourists will always be charged in CUC, but you’ll be able to pay for everyday things like, say, a bottle of rum in CUP.
If all if still confuses you, then this video might help explain the money situation a little better.