The price of the dollar plunges in the irregular currency market in Cuba, following days of protests, long blackouts, and changes in US economic policies towards the island.
This Thursday, the US dollar is trading at 300 CUP, which is 20 pesos less than the previous day.
The price of the euro and the freely convertible currency (MLC) also decreased in Cuba on this day.
According to the data from the independent media outlet elTOQUE, which shows the exchange rates in the informal currency market every day, the European currency is being traded at 310 CUP, that is, 10 pesos less than on Wednesday.
Meanwhile, the MLC only had a two-peso decrease in its value. It is currently trading at 268 CUP.
Exchange rate today 05/30/2024 - 7:16am in Cuba:
Exchange rate of the USD Dollar to CUP according to elTOQUE: 300 CUP
Exchange rate of the Euro EUR to CUP according to elTOQUE: 310 CUP
Exchange rate of the MLC to CUP according to elTOQUE: 268 CUP
Alternative exchange rate from other platforms:
Dollar exchange rate (USD): Buying 290 CUP, Selling 304 CUP.
Euro exchange rate (EUR): Buy 298 CUP, Sell 314 CUP
Exchange rate of the MLC: Purchase 257 CUP, Sale 267 CUP
Equivalences of each available euro and dollar bill
US Dollar bills (USD):
- $1 USD = 300 CUP
- $5 USD = 1500 CUP
- $10 USD = 3000 CUP
- $20 USD = 6000 CUP
- $50 USD = 15000 CUP
- $100 USD = 30000 CUP
Euro banknotes (EUR):
- €5 EUR = 1550 CUP
- €10 EUR = 3100 CUP
- €20 EUR = 6200 CUP
- €50 EUR = 15500 CUP
- €100 EUR = 31000 CUP
- €200 EUR = 62000 CUP
- €500 EUR = 155000 CUP
These rates reflect the value of the dollar and the euro in the informal Cuban market. The fall in currency prices does not mean that there is currently an improvement in the quality of life of the residents on the island.
Inflation in the country continues, as well as the lack of food, power outages, and other hardships that make life in Cuba more difficult every day.
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