Join Date: Dec 2000
Location: Charleston, SC, USA
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Just Google "Cuba peso convertible"!
In 1994 Castro & Co. invented the Convertible Peso = US$1, later US$1.08. Then around 2003--4 a major Swiss bank was fined US$100 million by the US authorities for sending US cash to or accepting from Cuba--perhaps charged with misuse of US currency??! So now when exchanging US dollars in Cuba, there is a penalty tax of 10%, which can be avoided by bringing Euros, British pounds, Cdn. $, etc.
But AUD$ probably are unfamiliar to them & probably hard to re-exchange, so one can expect a poor exchange rate.
Last edited by Brendan; Feb 3, 2007 at 9:08 am