The informal currency market in Cuba recorded a slight increase on Tuesday, September 16, 2025, in the exchange rate of the US dollar (USD), which settled at 421 Cuban pesos (CUP), one peso more than the previous day.
The euro (EUR) remained at 475 CUP, while the freely convertible currency (MLC) remains at 205 CUP.
Informal exchange rate in Cuba Tuesday, September 16, 2025 - 07:23
- Exchange rate of the dollar (USD) to Cuban pesos CUP: 421 CUP
- Exchange rate of the euro (EUR) to Cuban pesos CUP: 475 CUP
- Exchange rate from (MLC) to Cuban pesos CUP: 205 CUP
Although the increase in the dollar seems modest, it marks a new step in the rise of the currency, which since mid-September had reached a ceiling at 420 CUP.
Exchange Rate Evolution
This small disruption confirms the constant pressure that demand exerts in a market where the Cuban peso continues to lose value against all major currencies.
The euro, which in recent days has established itself as the most expensive currency on the black market, remains stable after an increase of 15 CUP in just one week. The MLC, for its part, reached 205 CUP on Monday and continues at that level, having regained ground after months of depreciation.
The evolution of the three currencies reflects differentiated but complementary dynamics: the dollar is gradually rising, the euro leads with more pronounced increases, and the MLC is gaining strength as a direct indicator of the rising cost of consumption in state-owned stores.
In all cases, the result is the same: a weakened Cuban peso and a population forced to allocate more and more resources to access basic goods.
The recent rise of the dollar, however minimal, is seen by analysts as a sign that the informal market may continue to trend upward in the coming days, consolidating a scenario of increased pressure on Cuban household finances.
Filed under:
