CUBAN MONEY

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CUBAN CONVERTIBLE PESOS

Cuban Pesos and US dollars and all other convertible currencies from all countries are more freely circulating in Cuba.

National Bank of Cuba released PESO CONVERTIBLE as Cuba's official currency for both Foreigners and Cubans living  and travelleing in Cuba.

CUBAN TRAVEL MONEY
Also the Cuban Central Bank (BCC) established the offical Cuban peso exchange rate for US dollars to Convertible Pesos will not have a 10 per cent tax.
The extra fee was applied to nationals and foreign visitors in all Cuban  shopping dollar stores, Cuban hotels, bars, cafeterias, taxis, Cuban rent-a-car agencies and any other Cuban owned business that accepts cash payments in US dollars.

For many years toourist could not use american Dollars or any other foreign currency in Cuba.  Visitors to Cuba could bring dollars a tax only to get hit with a 10% tax at the exchange for Cuban Convertible Pesos
This special fee or tax would not be applied to other currencies such as Euros, UK Pounds or Canadian Dollars. Cuban tourist would change them while in holidaying in Cuba with no tax to US dollar exchange.
So now, in Cuba , there are two different currencies:

Cuban Foreign Tourist:   CUBAN CONVERTIBLE PESOS
For Cuban Citezens:           CUBAN PESOS

1 Cuban Convertible Peso = 24 Cuban Pesos

Cuban Exchange RATES:  Euros, Canadian dollars, Pounds, Swiss francs, and others for cuban convertible pesos.
FOREIGN Exchange Rates for those currencies are set in accordance to established daily currency exchange rates on the international market.

Cuban Pesos are required to take Cuban buses or guaguas or to buy vegetables and fruits at Cuban markets or to buy juice or a pizza in the streets.
There are places that accept only Pesos Convertibles and other places only cuban pesos.

Toourist can buy Cuban pesos convertibles at any airport, bank, Money Exchange Offices, called CADECA where these offices are all over Cuba.
 Best place to exchange your money for Cuban Pesos is in the CADECAs or at any local bank.

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Cuba Visa Regulations

CUBAN VISA

Passport valid for at least six months after the departure date from Cuba required by all nationals referred to in the chart above without diplomatic representation in Cuba.Passport NotePersons of Cuban origin who are nationals of other countries must travel with a Cuban passport if they left Cuba after 1970.
Neither visa exemptions nor tourist visa card facilities are applicable to foreign passport holders born in Cuba, unless holding a document proving withdrawal of Cuban citizenship.VisasRequired by all nationals referred to in the chart above except: (a) transit passengers continuing their journey to a third country within 72 hours, provided they hold confirmed onward tickets and US$50 per day.
Note: Nationals not referred to in the chart above are advised to contact the embassy to check visa requirements see Contact Addresses.Visa Note. Nationals of the USA are subject to the Cuban assets control regulations. The regulations require that persons subject to US jurisdiction be licensed to engage in any travel related transactions to, from and within Cuba. Transactions related to tourist travel are not licenseable. The restriction includes tourist travel to Cuba from or through a third country such as Mexico or Canada. US law enforcement authorities have increased enforcement of these regulations at US airports and pre-clearance facilities in third countries. Travellers who fail to comply with the department of treasury regulations will face civil penalties and criminal prosecution upon return to the US.Types of Visa and CostTourist Visa Card: £15. All other visas: £36 (plus a £15 processing fee.)ValidityTourist and Business visa: valid for stays of up to 30 days, visas must be used within 180 days from date of issue, extensions of 30 days are available in Cuba Applications to:Consulate (or consular section at embassy); see Contact Addresses. Application forms for tourist visa cards can be obtained from certain tour operators and travel agents or downloaded from the website of the embassy of the Republic of Cuba in the UK (see Contact Addresses).Working Days RequiredTourist visa card: One day (seven days for postal applications). Tourist visa: 48 hours. Business and Family visa: 72 hours (two weeks for postal applications). Journalist visa: six weeks.