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US currency not accepted in Cuba, except on credit card !

ontario
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US currency not accepted in Cuba, except on credit card !

It is very interesting that US currency is not accepted in Cuba except that when you book an excursion or anything like that...guess what, it is billed in US currency on your credit statement. Hmmmmm makes me wonder what thats all about.

Cuba
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1. Re: US currency not accepted in Cuba, except on credit card !

Hi

I've answered this numerous times ...

The answer quite simply is ... there is no such thing as CUC in the world economy so ... the price in CUC is converted to USD on the Credit card slip

Which if you look at any conversions site this works out to calculating the price (CUC) times 1.11 to get the equivalent in USD.

Mardi

Cuba
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2. Re: US currency not accepted in Cuba, except on credit card !

Here ...

Look at to buy $100 CUC will cost $111 USD

100 US Dollars will buy 89.81 Cuban Convertible Pesos (CUC).

You can buy 100 Cuban Convertible Pesos (CUC) for 111.34 US Dollars.

100 Cuban Convertible Pesos (CUC) will buy 104.85 US Dollars.

Buy 1 CUC for 1.1134 USD 11/8/2005 9:05am EST

Sell 1 CUC for 1.0485 USD 11/8/2005 9:05am EST

www.604images.com/cuba_currency/index.php

There is no surcharge on using Credit Cards

Mardi

3. Re: US currency not accepted in Cuba, except on credit card !

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