Simon Calder's Holiday Helpdesk: Coping with two currencies in Cuba
Simon Calder’s career in travel started at Gatwick Airport, where he cleaned aircraft for Laker Airways and later worked as a security officer. He became The Independent’s Travel Correspondent in 1994, and is known as “the Man Who Pays His Way” because he does not accept free travel facilities. He writes across the Independent titles, as well as for the Evening Standard.
Wednesday 06 March 2013
Q. My daughter is off to Cuba. Her worry is money. If the Cubans don't accept dollars, should she take pounds? And what is the best way of getting cash?
A Your daughter will become one of the relatively small number of British travellers to experience the beautiful chaos of the last bastion of communism in the West.
Cuba is a fabulous island, but with some annoying habits to contend with – such as its mad financial system. Jose Public uses the ordinary Cuban peso, for which the current rate is around 40 to £1. They used to be available mainly on the black market, but now they are exchanged legally at “Cadeca” kiosks – dotted around Havana and other Cuban cities. Travellers should always have a modest supply, say about £10 or £20 worth, in order to access items from pizza to city buses at locals’ prices. But for most essentials – accommodation, long-distance transport, meals in decent cafes and restaurants – foreigners need the CUC. This is the “convertible peso”, the island’s home-made hard currency.
The CUC is a peculiarly Cuban device. While the US dollar is the international currency of choice just about everywhere in the Caribbean, for political reasons Cuba has created its own (which, right now, is worth almost exactly the same as the dollar, at about 1.50 to the £). You can’t buy them abroad, so your daughter will need to change some upon arrival.
The best rates (ie where the “spread” between buying and selling rates is narrowest) are offered in exchange for the euro. It is probably not worth changing sterling into euros first, because you will lose a little on that transaction too. But a few low-denomination euro notes are useful, particularly in the back of beyond where locals will look askance at the Great British Fiver.
Besides cash, it is worth loading a pre-paid
currency card with some sterling or euros so that she can use ATMs – and you
have the parental privilege of topping up the balance from afar when it starts
to run short.
Finally, while Cuba is the safest place in the Caribbean, ask your daughter to take extra care of her possessions in Old Havana and the centre of Santiago.
Click HERE to email Simon.
You can also tweet him your questions @SimonCalder
The Independent travel offers: Discover a world of inspiring destinations
- 2 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 3 Kajieme Powell: Missouri police release video footage of second man killed by officers
- 5 James Foley 'beheading': Met police warn public watching murder video could be criminal offence
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Crisis? What crisis? A visiting US doctor gives the NHS a rave review
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Scottish Independence Referendum: Salmond described as 'arrogant, ambitious and dishonest' by Scottish women
£6000 - £50000 per annum + Bonus+Benefits+Package: Harrington Starr: Oracle 11...
£17K OTE £30K: Charter Selection: Highly successful and innovative specialist...
£45000 - £55000 per annum + Benefits: Ashdown Group: Working with an exciting ...
£23,000: Sauce Recruitment: A global leader in sports and entertainment is now...