The dollar has solidified its price increase in the informal market over the past few hours,
In the case of the euro, at 9:00 a.m. (local time) the European currency is trading at an average of 340 CUP, the same as yesterday.
Also, the freely convertible currency (MLC), which remains at 245 CUP.
After a decline in prices initiated by the currencies in December—especially following the announcement of a floating official exchange rate in 2025—dollars and euros have recovered since the beginning of 2025.
Evolution of the exchange rate
One of the possible causes highlighted is the recent opening of a new supermarket in Havana, which is exclusively for payments in foreign currencies such as dollars and euros, a fact that marks another step in the dollarization process announced by the regime.
This phenomenon has intensified the demand for foreign currency, as an increasing number of basic goods are only available in stores that operate in foreign currency and do not accept MLC, according to a growing number of Cubans reporting on social media.
Exchange rate today 1/8/2025 - 8:18 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 335 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 340 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 245 CUP.
Equivalences of each available banknote in euros and US dollars to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates as of January 9:
1 USD = 335 CUP.
5 USD = 1,675 CUP.
10 USD = 3,350 CUP.
20 USD = 6,700 CUP.
50 USD = 16,750 CUP.
100 USD = 33,500 CUP.
Euros (340 CUP for each euro):
1 EUR = 340 CUP.
5 EUR = 1,700 CUP.
10 EUR = 3,400 CUP.
20 EUR = 6,800 CUP.
50 EUR = 17,000 CUP.
100 EUR = 34,000 CUP.
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