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US dollar no longer accepted in Cuba
Beginning November 8, 2004, the US dollar will no longer be accepted to purchase goods or services in Cuba. All purchases will have to be made in the Cuban convertible peso (which will still be on a par with the US dollar). It will be possible to exchange US currency, but a 10% fee will be charged to exchange US dollars in cash. It will also be possible to exchange Canadian currency, Sterling Pounds, Euros and Swiss Francs and traveller's cheques at major hotels and banks and at international airports for Cuban convertible pesos without the 10% commission fee. It will be possible to exchange Cuban convertible pesos back to US dollars at the international airports before leaving the country or to Canadian dollars if available. We recommend that you change your currency while in Cuba since it is not possible to exchange Cuban convertible pesos outside of Cuba.
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