CUP · CUP
Cuban Peso (CUP)
The Cuban Peso (CUP) is the primary currency of Cuba, used for everyday transactions. Learn about its history, denominations, and role in the Cuban economy.
Convert this currency
Converted amount
0.0417 USD
Exchange rate
1 CUP = 0.041667 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
CUP · Cuban Peso
Cuban Peso (CUP): Overview and History
The Cuban Peso (CUP) is the official currency of Cuba, issued by the Central Bank of Cuba. It is used for most domestic transactions, including wages, retail purchases, and public services. The currency is subdivided into 100 centavos, with banknotes in denominations of 1, 3, 5, 10, 20, 50, 100, 200, 500, and 1000 pesos, and coins in 1, 2, 5, 20, and 40 centavos, as well as 1 and 3 pesos.
Historically, the Cuban Peso has undergone several changes, including the introduction of a dual currency system in 1994 with the Cuban Convertible Peso (CUC). However, in 2021, the government began a process of monetary unification, phasing out the CUC and making the CUP the sole currency. This reform aimed to simplify the economy and address distortions caused by the dual system.
The value of the CUP is determined by the Cuban government, and exchange rates are subject to official controls. As with any currency, its purchasing power can be affected by economic factors such as inflation and government policies. For accurate and up-to-date exchange rates, consult official sources or financial institutions.
- Code
- CUP
- Symbol
- CUP
- Current rate
- USD / CUP
Currency information
Last updated · 8/7/2026
The Cuban peso was introduced in 1857, replacing the Spanish colonial real.
- Official name
- Peso Cubano
- Legal tender status
- Legal tender in Cuba
- Decimal places
- 2
- Minor unit
- Centavo · 1 CUP = 100 Centavo
- Countries
- Cuba
- Issuing authority
- Banco Central de Cuba
- Central bank
- Banco Central de Cuba · Official website
- Exchange-rate regime
- Managed float
Common banknotes
1 CUP · 3 CUP · 5 CUP · 10 CUP · 20 CUP · 50 CUP · 100 CUP · 200 CUP · 500 CUP · 1000 CUP
Common coins
1 centavo · 2 centavos · 5 centavos · 10 centavos · 20 centavos · 40 centavos · 1 CUP · 3 CUP
Also known as
Moneda Nacional · Cuban Peso · Peso Cubano · CUP · $
Practical notes
- The Cuban peso is used by Cuban residents; tourists often use the Cuban convertible peso (CUC), though it is being phased out.
- The currency code CUP is distinct from the Cuban convertible peso (CUC).
Priority currency pairs
The most useful conversions for this currency.
Cuban Peso questions
What is the CUP exchange rate?
The displayed rate is the latest available reference rate for USD/CUP. It can change throughout the day.
How can I convert CUP online?
Use the converter above to calculate indicative amounts between CUP and the other supported currencies.