After two days without changes in the values of the three reference currencies in the Cuban informal market, this Thursday the Convertible Currency (MLC) opened with a slight decline after remaining at the same value for ten days.
At 7:00 a.m. (local time) on this August 8, the virtual currency used by the Cuban government has dropped by two pesos, moving from 280 to 278 CUP.
The Freely Convertible Peso had shown signs of stability after remaining valued at 280 CUP since July 29.
In the case of the dollar and the euro, both currencies remain unchanged today for the third consecutive day: the dollar is quoted at 320 pesos and the euro at 330.
The relative stability of recent days in the informal market comes after an article published in Granma last week threatened Cubans who engage in the street buying and selling of foreign currency with up to five years in prison.
"These actions are punishable by imprisonment for two to five years, or a fine of five hundred to a thousand units, or both," pointed out the official source. It also stated that any transaction of sale, assignment, transmission, or acquisition of foreign currency "is illegal and constitutes a crime."
Exchange rate today 8/08/2024 - 7:22 a.m. in Cuba:
Exchange rate of the USD to CUP according to elTOQUE: 320 CUP.
Exchange rate of the euro EUR to CUP according to the TOQUE: 330 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 278 CUP.
Equivalences of each available Euro and US Dollar bill to Cuban Pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to exchange rates on this August 8:
1 USD = 320 CUP.
5 USD = 1,600 CUP.
10 USD = 3,200 CUP.
20 USD = 6,400 CUP.
50 USD = 16,000 CUP.
100 USD = 32,000 CUP.
Euros (EUR):
1 EUR: 330 CUP.
5 EUR = 1,650 CUP.
10 EUR = 3,300 CUP.
20 EUR = 6,600 CUP.
50 EUR = 16,500 CUP.
100 EUR = 33,000 CUP.
200 EUR = 66,000 CUP.
500 EUR = 165,000 CUP.
What do you think?
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