Showing posts with label Cuban Currency. Show all posts
Showing posts with label Cuban Currency. Show all posts

Wednesday, October 24, 2012

CUBA TRAVEL MONEY

TRAVEL TO CUBA WITH MONEY

Cuba is a great place to visit to enjoy the beach, history culture, music, dancing and especially the Cuban people. One thing to remember is that Cuba is not cheap. Unless you have a purchased an "All Inclusive Cuba Vacations" then you will have to pay "a la carte" or as you go and remember Havana Cuba is expensive to the naive traveler. The Currency is the Cuban Convertible Peso CUC, which is valued higher than the USD so be careful and make sure you bring enough cash because Cuba will give you so many good reasons to spend your money and have lots of fun that the ore you bring with you the more you will enjoy your Cuban vacation. If you are an experienced traveler that likes adventure then hang on to your seat belt because Cuba has many hidden treasures just waiting for you to discover.

First and most expensive place to visit is Havana which is unlike any other modern capital city in Latin America that you have every visited. Havana is truly a city that never sleeps with its pulsating latin salsa beat and hot Cuban dancing & singing available to you everywhere you visit. Everything is waiting for you there, Dancing, singing, Art, Culture, Museums, Good Cuban food, Movies & Film, Theater, Fantastic beaches and amazing people. In fact the main reason tourist keep coming back to Cuba is the warm smiles of the Cubans who are more that happy to see you visit their beloved Cuba.
So pack up your dancing shoes and bathing suit and visit Cuba where the sun & fun never stop as long as you have the money to spend you your Cuban Holiday.



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Thursday, May 24, 2012

CUBA BREAKS RECORD IN HAVANA VARADERO

Bikini Tourist Girl on Holiday on Varadero Beach  1 hour east of Havana Cuba

 Cuba Breaks Tourist Record

Cuban Tourist arrivals in Havana broke the Caribbean record in the first four months of 2012 stated the Cuban Ministry of Tourism and Statistic Bureau.

Holiday vacationers to Cuba, Varadero, Matanzas, Cayo Coco, Trinidad and this Caribbean island beach paradise reached 1.24 million since April this year, up over 5.2 percent over the same period in 2011, the Cuban tourism and Insurance bureau said, adding that the previous Cuban Health, Travel & Insurance record produced a ten percent increase in revenue.

Since April, 2012, Cuba, Havana, Trinidad, Cayo Largo & Varadero beaches received 300,000 tourists, over 15,000 more tourist than in 2011. Cuba's top tourism partner is still Canada the most valuable source of Cuban tourists, followed by France, Argentina, Germany, Russia and Mexico.

The United States American tourist are the fastest  growing tourist sector with over 100,000 Cuban Americans travel to Cuba in the past year with millions more Americans expected to vacation in Cuba as soon as U.S. President Obama lifts the American travel restrictions.
cuba
cuba (Photo credit: citronate)

Cuba is banking on health insurance and medical tourism to serve as a the financial engine of growth to help the future development of other social, medical and economic projects, the Cuban government aims at receiving over 3 million tourists in 2012.

Cuban Investments in Tourism up significantly

Havana Cuban tourism hotel imports and exports were up 20 percent during the first quarter of 2012, compared with the same period in 2011, due mainly to the visit of the Pope to Cuba which resulted in increased income from tourism, Cuban travel, Health Insurance and health care services reported the Ministry of Cuban Banking and Finance.

This financial profit follows a 20 percent rise in exports according to experts at the Foreign Trade Ministry. Increasing Cuba tourist is good news for Cuban President Raul Castro and his efforts to boost Cuba's debt-ridden economy by increasing export income and decreasing imports.

In 2010 Cuba's exports totaled $14.2 billion according to preliminary figures with Cuba's exports rose 10 percent compared to 2011, 15 percent of which was tourism, Cuban hotels and the remainder health and travel insurance services. The financial profits earned from tourism insurance services are accounted for by tourism and health care assistance. In Varadero tourist grew over 10 percent in April according to the Cuban National Statistics Office.

As a bonus for protecting the health care of foreign tourist in Cuba some 40,000 Cuban professionals, most from the health care sector, are working in the tourist sector in Varadero, Cayo Coco, Trinidad, Matanzas, Havana and also in oil-rich Venezuela and the bulk of earnings go to the Cuban government.

Cuba health care sector exports similar Insurance and surgery laser technical services to some 30 other countries with service category income that also includes communications and revenues from hospitals and  joint ventures.

After 10 years of investing in Cuban tourism hotel sector Castro's investment funds appears to have paid off in order to boost exports and reduce imports which have resulted in annual trade surpluses averaging $2 billion since the first Cuban Investment back in 1990.
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Wednesday, February 15, 2012

TRAVEL & MONEY IN CUBA

 
Big Money in Cuba Travel
 CUBA TRAVEL INVESTMENT FUNDS

Cuba is where the smart money is traveling especially now that Cuba is open to American Vacations and American businessmen. Miami Florida is only 90 miles away and the Pope is traveling to Cuba next month for discussion with Fidel Raul Castro and President Obama regarding the opening up of Cuba to American Travel.

Let take a closer look at the potential for Money and investment in Cuba resorts.

CUBA INVESTMENT
Cuba is located between many other popular tourist destinations in the Caribbean region, has great deals for the leisure industry, backed millions of Canadian, European and even American tourists to the largest of the Antilles. Cuba is abundant in pristine nature perfect for Eco tourism, old traditional fortresses, millionaire mansions and historic castles all come together in an area over 110 sq. km with over 5800 km of coastline with stunning white sand beaches many of them discovered only on Cuban shores.

These natural advantages combined with Cuba's tropical climate, fine soft  white sand, clear warm waters, provide a vacation experience that is impossible for Holiday vacationers to ignore. Plus the fact that the price of a Cuba Vacation has fallen to record Cheap Cuba Hotel prices. The island of Cuba has a year round average temperature of 24.6 degrees Celsius with a soft cool breeze that  blows across the excellent Cuban beaches of white sands and clear waters that act as a  unique attraction for All inclusive tourist and sophisticated Investors as well.

HAVANA INVESTMENT
In Havana the magnificent Playa del Este beaches of La Habana, are located on the Blue Circuit, or Costa Azul,  with over 15 kilometers of beaches and coastline, with the most popular being the place known as Santa Maria del Mar.

Another place for Cuban investment is Jibacoa which captures the attention of visitors, thanks to the unique calm waters, flanked by hills up to 100 meters parallel to the coast, with a nice sense of privacy. This investment property is under a Canadian Joint Venture with Leisure Canada to build a luxury golf resort with views of the beach on one side and hotel resort with Golf on the other.

VARADERO INVESTMENT
The next investment resort area in Cuba is the legendary millionaire Vacation hideaway, Varadero beach with the first investment hotels in Cuba by Melia Varadero Beach & Golf resorts. Varadero Cuba is considered by many sophisticated hotel investors as the best beach in Cuba to place their investment money, however all the first line beach properties are all full of 4 & 5 Star resorts. Varadero accounts for 22 of the miles of Cuban beaches full of baby blue clear waters and white sands. Definitely one of the best places in Cuba to invest in hotels and golf resorts.

Cuban beaches areas in the Isle of Youth are laced with  black sand, like the striking Bibijagua Beach or brown beaches in Marea del Portillo, in the eastern Cuban province of Granma.

Trinidad Hotels is in the central Cuban island just south near Ancon Peninsula holds the merit of having the best of Cuban beaches of the South Coast, with steep seabed topography and abundant presence of priceless black coral which is prefect for Gold and high priced luxury Jewelry.

On the northern coast of Cuba we have the Keys or Cayo's of Villa Clara, precious beaches of Cayo Santa Maria with 13 km, wide stretches of sand and sea virtually untouched by human eyes, ready to delight the most demanding tourist and sophisticated Cuban hotel investor.

Beach on Cayo Coco island, Cuba
Image via Wikipedia
CUBA BEACH INVESTMENT
For some fantasy vacation lawyers and beach investors, Santa Lucia Beach in Camaguey province qualifies as paradise found as a hidden Eden and one of the best beaches of Cuba and the world, with cream-colored sands and facilities to practice all water sports, surrounded by Hundreds of bright Pink Flamingos.  Santa Lucia has huge coral reefs-rated by many scuba diving investors and tourist alike as the second largest coral reef in the world-that protects the area and extends over 400 km parallel to Cayo Sabinal, Guajaba, Romano and Cruz.

American Resort Developers will marvel at the fabulous beaches of Jardines del Rey, one of the main tourist resorts in the country, 30 miles of unspoiled Cuban beaches await vacationers on Cayo Coco and Cayo Guillermo considered by many as Cuba & the worlds best Beach island resort.

In Eastern Cuba Holguín has a key position as hotel and travel money have been pouring into new resorts as tourist book hotels to the limit.  Holguin Beach's  Bariay point  is where Christopher Columbus landing back in 1492, , accompanied by well-known Spanish conquistadors in the world of Cuban beaches extraordinaire such as Guardalavaca, Playa Esmeralda and Pesquero.

 It seems the Spanish Conquistadors were in Fact the very first tourism investors of Cuba over 500 years ago. Today's money seems to need a place to achieve higher rates of return on our investment giving Cuba a natural place in our travel category for investors with a high risk investment portfolio.
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Sunday, July 31, 2011

CUBAN MONEY

3 convertible pesosImage via Wikipedia
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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Tuesday, June 16, 2009

CUBA MONEY CURRENCY

CUBAN MONEY






















CUBAN PESOS ( CHAVITOS)

Currency Convertible Peso (CUC; symbol CUC$) = 100 centavos. Notes are in denominations of CUC$100, 50, 20, 10 and 5. Coins are in denominations of CUC $1, and 20, 5, 2 and 1 centavos. In the 1990s, the US Dollar was in common use throughout Cuba, and in Cuba's foreign trade. In response, the USA put caps and heavy taxes on family remittances and punished international banks for breaking the US embargo. Cuba decided to slowly get rid of its Dollar reserves, banning the currency from general use and introduced the replacement CUC as a ‘tourist dollar' under its control. Cuban nationals continue to be paid in the Cuban Peso CUP. In some tourist areas, the Euro is also accepted. Hard currency (ie CUCs not CUPs) must be used in most transactions.Currency ExchangeMoney should be exchanged at state-run CADECAS cheaper than banks or international air- and seaports. Dollars attract a 10% surcharge on top of the normal commission (US citizens should bring Euros to exchange). All local currency must be exchanged again before leaving the country. Card transactions attract a surcharge 3 to 5% see below.Credit/Debit Cards and ATMsMasterCard and Visa are increasingly accepted, provided they are not issued by a US bank, or a bank with links to the USA, but hefty fees are often added. ATMs are still rare, but cash can be obtained in banks with non-US Visa credit and Visa debit cards. Cirrus/Maestro is not accepted.Traveller's ChequesUS Dollar, Pounds Sterling and other major currencies are accepted; US Dollar cheques issued by US banks are not accepted. It is recommended to take cheques in a currency other than US Dollars.Currency Restrictions apply.Banking Hours Mon-Fri 8:30-12:00 and 13:30-15:00, Sat 08:30-10:30. Hours may vary and banks may be open all day in larger cities.
CASH IN CUBA

Money & Travel in Cuba