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Comment by David Paul Appell on April 16, 2009 at 9:35pm

For those headed to Cuba, here's a helpful little currency note from today's Miami Herald:

"Cuba officially sets the value of the CUC [convertible peso] at $1.08, but the currency exchanges typically charge a rate of $1.12 for on CUC.
On top of that, the Cuban government imposes a 10-percent surcharge to exchange dollars, which in effect makes $1 worth 0.804 CUCs at the currency exchanges or cambios. Conversely, it costs about $1.24 to get a CUC after all is said and done.
The surcharge means travelers are better off switching dollars for euros, Canadian dollars or Swiss francs before leaving the United States. Those currencies don't get hit with the extra 10-percent fee."

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