Transtur, the state-run tourism transport company in Cuba, has revealed that its Habana Bus Tour service, which travels to the eastern beaches, will now accept payments in U.S. dollars (USD). The fare is set at $10 or its equivalent in the local currency, with an exchange rate of "120 CUP per USD," as explained by official social media channels. The tour begins at Central Park in Old Havana and operates daily from 9:00 a.m. to 6:00 p.m., with departures approximately every 45 minutes. The ticket is valid for the entire day, allowing round trips.
Promoted as a "comfortable ride with air conditioning" offering "panoramic views" of the Havana coastline, the service enables passengers to hop on and off at various points along the route. While this option is presented as a means to "enhance access for both international tourists and local residents," it is part of a broader "partial dollarization" of the Cuban economy. This reflects the increasing role of the USD in the country as authorities attempt to reorganize crucial economic sectors and manage the effects of the informal currency market.
The Impact of Currency Exchange on Local Commuters
While Transtur's social media announcement did not detail the payment process, their website clarifies that tickets can be purchased through authorized travel agencies and, if paid for on the bus, the cost will be in CUP. Many Cubans have raised concerns about whether 1200 CUP is indeed the cost in Cuban pesos, given the inability to purchase foreign currency at state exchange offices, forcing them to rely on the informal market. At the informal exchange rate, this amount would exceed 3,800 Cuban pesos, which is more than a minimum wage and two pensions. "10 USD equates to 3800 at the exchange rate," a user noted; however, Transtur refuted this, stating, "Of course not, the official exchange rate is 120, meaning it would be 1200."
Alternative Transportation Options
For those unable to pay either 10 USD or 1200 CUP, a train service to the eastern beaches of Havana will be available to facilitate summer travel. This train, consisting of a locomotive and three cars, will accommodate 48 passengers per vehicle.
In line with Cuba's partial dollarization, where numerous essential services and products can only be purchased in foreign currency, the company Viazul has announced that it will only accept payments in euros via bank cards, such as Visa or MasterCard. This policy means cash payments, even in dollars, are not accepted, limiting access to their services for many Cubans without international credit cards. Viazul's policy also appears to be a strategy aimed at attracting remittances from abroad, further restricting local access and fostering reliance on foreign currency income.
Understanding the Shift in Currency Policies in Cuba
Why is Transtur accepting USD for its bus tours?
Transtur is accepting USD to align with Cuba's partial dollarization efforts, reflecting the increasing influence of the U.S. dollar in the nation's economy.
How does the informal exchange rate affect Cuban residents?
The informal exchange rate significantly increases the cost of services in Cuban pesos, making it difficult for residents to afford services priced in USD.
What alternative transportation is available for those who cannot pay the bus fare?
A train service is available to the eastern beaches of Havana, providing an alternative for residents unable to afford the bus fare.