The freely convertible currency (MLC) continues to decrease in price in the informal exchange market in Cuba, while the dollar and the euro remain stable in their price.
At 7:20 a.m. (local time) this Friday, the exchange rate of the MLC was set at 275 CUP, three pesos less than on the previous day.
The US dollar is traded in the island's unofficial market at 320 CUP, a stable value for the past four days. The same is true for the euro.
The European currency remains at 330 CUP. It continues to be the strongest in the informal currency market in Cuba.
Exchange rate today 09/08/2024 - 7:20 am in Cuba
Exchange rate of USD to CUP according to TOQUE: 320 CUP
Exchange rate of the Euro EUR to CUP according to elTOQUE: 330 CUP
Exchange rate of the MLC to CUP according to the TOQUE: 275 CUP
Conversion of Available Bills
Dollar (USD):
- $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
Euro (EUR):
- €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
The recent stability observed in the informal market in recent days has occurred after the government's threat to impose sanctions of up to five years in prison for those Cubans who participate in the buying and selling of foreign currency in public.
The official press highlighted that these activities are punishable by imprisonment for two to five years, or fines of five hundred to one thousand quotas, or both. It also emphasized that any transaction involving the sale, assignment, transfer, or acquisition of foreign currency is considered illegal and constitutes a crime.
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