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Tourists 'to get more for their money in Cuba'

Holidaymakers with Cubana flights to Havana could find they get more for their money since the Central Bank of Cuba announced a devaluation of the country's hard currency.

Flights to HavanaThe financial institution dropped the exchange rate by eight per cent, news that might benefit those travelling to the nation.

Vacationers changing euros for Cuban convertible pesos (CUC) will now have more buying power in the South American nation.

With the devaluation, the CUC exchanges like-for-like with the US dollar.

The country's central bank said the move "restores parity between the CUC and the US dollar".

However, the exchange rate between the CUC and the Cuban peso remained unchanged.

Cuba currently uses two currencies, so holidaymakers with Cubana flights to Havana should be sure to establish which one they are using to purchase goods and services.

The CUC is generally more widely used by tourists and exchange rates against the currency of other nations is set according to this.

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