The price of the dollar and the Freely Convertible Currency (MLC) halted their decline this Saturday, while the euro continues to drop in the informal currency market in Cuba.
In the previous session, the three reference currencies in the island's informal market recorded a drop in their value, according to data that the independent outlet elToque documents based on the analysis of currency buying and selling ads on social media and other classified sites.
The dollar is trading on July 20 at 1x300 CUP, while the MLC remains at 1x270 CUP. The euro falls from 315 CUP, its value on the previous day, to 310 CUP.
Exchange rate today 20/07/2024 - 12:06pm in Cuba:
Exchange rate of the Dollar USD to CUP according to elTOQUE: 300 CUP
Exchange rate of the Euro EUR to CUP according to elTOQUE: 310 CUP
MLC to CUP exchange rate according to TOQUE: 270 CUP
Equivalences of each available euro and dollar bill to CUP.
Dollar (USD):
- 1 USD: 300 CUP
- 5 USD: 1,500 CUP
- 10 USD: 3,000 CUP
- 20 USD: 6,000 CUP
- 50 USD: 15,000 CUP
- 100 USD: 30,000 CUP
Euro (EUR):
- 5 EUR: 1,550 CUP
- 10 EUR: 3,100 CUP
- 20 EUR: 6,200 CUP
- 50 EUR: 15,500 CUP
- 100 EUR: 31,000 CUP
- 200 EUR: 62,000 CUP
The Cuban government warned this week that it will not set a new official exchange rate in the short term. Prime Minister Manuel Marrero Cruz believes that such a measure would have negative effects on inflation and wages; therefore, the resizing of the currency market will be gradual and careful.
The government has no solution to eliminate the informal currency market. Marrero also criticized independent media and reiterated his accusation that they have a supposed influence on the exchange rate.
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