The informal market in Cuba starts this Friday with a new increase in the price of the dollar and the euro.
The currencies are rising for the sixth consecutive day, as revealed in its daily report elTOQUE, an independent media outlet that has recently faced a growing campaign of harassment from the regime, precisely due to the dissemination of the Informal Market Representative Rate (TRMi).
In recent hours, the sale of the dollar increased to 465 CUP, which represents five pesos more than the value it reached in the previous day.
This represents a more moderate increase compared to previous days, when the U.S. dollar systematically rose by 10 pesos at a time.
Exchange Rate Evolution
The European currency also rises, in its case from 490 to 500, 10 units more than the previous day.
The Representative Rate of the Informal Market (TRMi) shows that the Freely Convertible Currency (MLC) remains at the 210 CUP it reached on Thursday.
Exchange rate today 11/14/2025 - 6:00 a.m. in Cuba:
Dollar exchange rate USD to CUP according to elTOQUE: 465 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 500 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 210 CUP.
Change in the trend of the informal market?
The trend in recent days breaks with the downward dynamic that has been established in the informal market since late October, when the dollar dropped from 485 to 410 CUP; and the euro fell from 540 to 450 CUP, in a rapid downward movement.
However, since November 9, both currencies have been gradually regaining their selling value.
In just six days, the dollar has gained 55 pesos and the euro 50.
Since 2022, the trend has been a constant devaluation of the national currency, occasionally interrupted by brief pauses or temporary rises that never manage to reverse the sustained deterioration of the CUP.
Persistent inflation, the lack of foreign currency, and distrust in the Cuban government's economic institutions continue to drive the demand for dollars and euros as a safe haven.
Moreover, the cash shortage and banking connectivity issues on the island limit formal transactions, further fueling the parallel market.
Equivalence of United States Dollar (USD) bills to Cuban Peso (CUP), according to the exchange rates on this November 14:
1 USD = 465 CUP.
5 USD = 2,325 CUP.
10 USD = 4,650 CUP.
20 USD = 9,300 CUP.
50 USD = 23,250 CUP.
100 USD = 46,500 CUP.
Equivalence of Euro (EUR) notes to Cuban Peso (CUP):
1 EUR = 500 CUP.
5 EUR = 2,500 CUP.
10 EUR = 5,000 CUP.
20 EUR = 10,000 CUP.
50 EUR = 25,000 CUP.
100 EUR = 50,000 CUP.
200 EUR = 100,000 CUP.
500 EUR = 250,000 CUP.
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