Ryan Posted November 9, 2021 Share Posted November 9, 2021 A friend sent me these recently. Receipts from lunches in Santy's and from one of the new beach places at 1 y 70, Miramar. All prices in cup. The usual official rate is 25 cup to $1USD. What you'll get, again officially, is about 23.5 cup to $1USD. https://www.bc.gob.cu/historigrama/137 For the sake of ease, I'll use 25:1 here. The total for Santy, lunch for 6 people (at the official rate 25:1) about $800 A plate of pasta $42 Beer (national beer) $6 Sushi, Tataki and Sashimi all $28USD per plate. 1ra y 70 not much better. I know these places, they were not expensive two years ago, Espacios prices. The owner of Espacios owns one of them, (called "Muelle"). They may be more expensive at night time (some of them go late), but this was lunch. Again, about 6 people for lunch. Official exchange rate prices, this time before tip. Total: $444 USD Beer (Cristal): $5 each Mojito: $12 Espresso: $3 Ceviche: $19 Croquetas: $12 Lomo Alto de Res (I think that's what we'd call sirloin steak here, nearer the shoulder of the animal) $38 Fillet of fish: $24 Grilled Chicken: $22 One Amaretto: $10 Some travelers will be in for some surprises next week. Prices (again officially) are three to four times what they were 18 months ago. 1 3 1 3 Link to comment Share on other sites More sharing options...
Cigar Surgeon Posted November 9, 2021 Share Posted November 9, 2021 Just to add more confusion to the mix, in what currency were you paying for things and what was the exchange rate provided for said currency? E.g.: did you take all your currency down as USD, or pay in EUR or get EUR converted while you were down there. Link to comment Share on other sites More sharing options...
Ryan Posted November 9, 2021 Author Share Posted November 9, 2021 16 minutes ago, Cigar Surgeon said: Just to add more confusion to the mix, in what currency were you paying for things and what was the exchange rate provided for said currency? E.g.: did you take all your currency down as USD, or pay in EUR or get EUR converted while you were down there. Those are not my receipts. These were sent to me by a friend who lives in Cuba. I'll be bringing euro with me next week when I go. I know those receipts were paid for in cup, not any other currency. Trying to pay in a restaurant in a foreign currency, even a private restaurant like Santy or those places on 1ra y 70, they will charge you the official rate of 25 cup : 1 USD or about 28 cup : €1 euro or about 19 cup :$ 1 CAD. 1 2 Link to comment Share on other sites More sharing options...
chris12381 Posted November 9, 2021 Share Posted November 9, 2021 I think prices are going to be the tip of the iceberg when it comes to what shocks many when they return to Cuba. Everyone I have spoken to in the past few months has said they have passed the "Special Period" when it comes to scarcity of food, medicine, fuel, household items, lines forming at 4 and 5 AM, etc. For those lucky enough to have $$$ and pay someone to wait in line for you...it doesn't much matter since there's often nothing to buy. Un tremendo cagazón. @Ryan, I did read in another thread you were heading there soon. You going to be there on the 15th of November? Link to comment Share on other sites More sharing options...
NSXCIGAR Posted November 9, 2021 Share Posted November 9, 2021 The black market exchange rate is around 70 CUP: 1 USD and 88 CUP: 1 EUR. No one should be exchanging CUP at 23-25 CUP: 1 USD. Anyone would be thrilled to give you 65:1 on just about every street corner. I don't blame anyone for adhering to the official exchange rate, particularly since no one really wants CUP anyway. Everyone is trying to get EUR or MLC. Link to comment Share on other sites More sharing options...
Popular Post Ryan Posted November 9, 2021 Author Popular Post Share Posted November 9, 2021 3 minutes ago, chris12381 said: I think prices are going to be the tip of the iceberg when it comes to what shocks many when they return to Cuba. Everyone I have spoken to in the past few months has said they have passed the "Special Period" when it comes to scarcity of food, medicine, fuel, household items, lines forming at 4 and 5 AM, etc. For those lucky enough to have $$$ and pay someone to wait in line for you...it doesn't much matter since there's often nothing to buy. Un tremendo cagazón. @Ryan, I did read in another thread you were heading there soon. You going to be there on the 15th of November? I have heard lots of stories of the shortages. I'm bringing 2,000 each of paracetamol and Ibuprofen (I have a kind pharmacist friend), along with other stuff. I land at 3pm so I'm still hoping to have cleared customs before dark. Cuba has officially dropped all import restrictions on medications. But again in Cuba, "officially". Permethrin (for scabies, apparently an epidemic in Cuba) is in short supply here too, due to global supply issues. The Cuban husband of a friend in London had to fly back to Cuba months ago as his mother is too old to stand in line and had no-one to do it for her. She was literally starving. I arrive on the 16th, either way I wouldn't be taking part in any protest. Despite the protests of some cigar industry acquaintances, I am too delicate now for Cuban prison. I had a chat in the Cuban embassy here last week about the planned November 15th protests. The word is out so I can't see them amounting to much. I am hearing now that a more passive protest is planned, the wearing and displaying of white. The government is planning official "counter-rallies", apparently to celebrate the 502nd anniversary of Havana. So that's now a thing. Somehow I can't see Heineken producing a commemorative bottle for that one. 5 Link to comment Share on other sites More sharing options...
Ryan Posted November 9, 2021 Author Share Posted November 9, 2021 6 minutes ago, NSXCIGAR said: The black market exchange rate is around 70 CUP: 1 USD and 88 CUP: 1 EUR. No one should be exchanging CUP at 23-25 CUP: 1 USD. Anyone would be thrilled to give you 65:1 on just about every street corner. I don't blame anyone for adhering to the official exchange rate, particularly since no one really wants CUP anyway. Everyone is trying to get EUR or MLC. I won't be paying the US dollar figures I quoted above, but lots of people will. I will take photos of the currency exchanges next Tuesday at Jose Marti Terminal 3. Or try, I've been stopped before. Edit. By the way, I'd advise against street corners in any country in the world when it comes to changing money. For Cuba, friends. And better yet, ex-pat friends. I've had a Cuban friend who I've known for 8 years offer 40 cup : 1 EUR just two days ago. I was a bit p***ed off at the time, but I can't blame him. What's worrying is that he is so desperate for money that he would forget that I would know exactly what exchange rate is possible. 4 Link to comment Share on other sites More sharing options...
NSXCIGAR Posted November 9, 2021 Share Posted November 9, 2021 12 hours ago, Ryan said: I won't be paying the US dollar figures I quoted above, but lots of people will. I will take photos of the currency exchanges next Tuesday at Jose Marti Terminal 3. Or try, I've been stopped before. Unfortunately, I'm sure you're right. It baffles me that anyone going to Cuba this soon wouldn't know what the deal is or do some basic research. Wait until they start seeing the bank charges from their MLC purchases at 1.16% on the back end. The regime is trying to gouge as many people in the first few weeks and months as possible before they realize what's going on. 12 hours ago, Ryan said: By the way, I'd advise against street corners in any country in the world when it comes to changing money. Obviously I was being a bit hyperbolic. Your casa particular owner can probably get it done fairly easily. But for now it seems we're going to need both CUP and MLC, or at least a Euro bank card for MLC purchases. Regular Cubans can't accept MLC as it's card only and is inconvertible to CUP, so CUP isn't going anywhere at the moment. And of course, why wouldn't they ask for the "official" exchange rate of 25:1 and at least try and get in on the government hustle. If there's a dispute the police would certainly uphold the vendor's request for 25:1 even though listed CUP prices reflect 70:1. As far as even getting out of the airport in a taxi, everyone needs to make sure they land with EUR cash on them and negotiate all prices with Cubans in EUR with the 70:1 rate in mind. Link to comment Share on other sites More sharing options...
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