Stay up to date with the official exchange rate ➜ www.cadeca.cu/en
This video is about exchanging money in Cuba. If you’re traveling to Cuba, this video is important because there are two ways you can exchange money.
1. OFFICIAL METHOD
The official way to exchange money in Cuba is at the airport, at an exchange house, bank or hotel. If you go to one of these places you will get the official exchange rate which is about 1$ = 110 CUP. Cuban Pesos ( CUP ) is the currency that is used in Cuba. This exchange rate is horrible and will make your trip alot more expensive then what it should be.
2. "BLACK MARKET"
The black market is simply exchanging money with local cubans. This is hands down the best way to exchange money in Cuba because the rate is ALOT higher then the official exchange rate.
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Chapter
0:00 intro
0:30 Cuba Official Exchange Rate
1:30 Black Market Exchange Rate
2:42 Why you need the Black Market Rate
4:30 How to exchange your money
6:30 Can you play with US dollars
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