Dollars, euros, and freely convertible currency (MLC) remain unchanged in the Cuban informal market.
The black market for currency in Cuba remains stagnant.
At dawn this Tuesday, the three reference currencies have remained unchanged for 13 days, according to documents the independent media elToque.
The dollar remains at 340 CUP. The U.S. currency has now been unchanged for 24 days. It was on January 11th that the dollar experienced any changes in the informal buying and selling market in Cuba.
The European currency remains today at 340 CUP, the same as the dollar.
Exchange Rate Evolution
In the case of the Freely Convertible Currency (MLC), it remains priced at 240 CUP, and has now reached 22 days at that price.
What is happening? This is what many citizens are asking on social media, although, as usual, other internet users point out that the figures provided by elToque do not reflect what is truly happening on the ground.
Exchange rate today 04/02/2025 - 8:04 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 340 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 340 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 240 CUP.
The recent announcement by the United States government regarding the inclusion of Orbit S.A. in the Restricted Entities List has not yet been felt in the Cuban informal market. However, this inclusion has caused concern among Cubans who rely on remittances sent from the northern country.
Orbit S.A. was behaving as a viable alternative for remittance processing following the exit of Fincimex S.A. from the business, due to the sanctions imposed by the U.S. Department of the Treasury.
Now, with the reactivation of Title III of the Helms-Burton Act and the expansion of the list of restricted Cuban entities implemented by the Trump administration, the future of remittances to Cuba is once again in question.
Equivalences of each available euro and US dollar bill to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates for this February 4th:
1 USD: 340 CUP.
5 USD: 1,700 CUP.
10 USD: 3,400 CUP.
20 USD: 6,800 CUP.
50 USD: 17,000 CUP.
100 USD: 34,000 CUP.
Euro (EUR):
1 EUR = 340 CUP.
5 EUR = 1,700 CUP.
10 EUR = 3,400 CUP.
20 EUR = 6,800 CUP.
50 EUR = 17,000 CUP.
100 EUR = 34,000 CUP.
Frequently Asked Questions About the Informal Currency Market in Cuba
What is the current exchange rate of the dollar in the Cuban informal market?
The exchange rate of the US dollar (USD) in the Cuban informal market remains at 340 CUP. This rate has remained unchanged for 24 consecutive days, according to monitoring by the independent media outlet elToque.
Why haven't the exchange rates of currencies changed in the Cuban black market?
The exchange rates of currencies in the Cuban black market remain stable due to various socioeconomic factors. Among them, the recent inclusion of Orbit S.A. in the U.S. Restricted Entities List has generated uncertainty, although it has not yet directly impacted the informal market. Additionally, the Cuban economy faces a context of partial dollarization and international restrictions that influence this stability.
What is the current situation of the Freely Convertible Currency (MLC) in Cuba?
The freely convertible currency (MLC) remains valued at 240 CUP in the Cuban informal market. This price has remained unchanged for 22 consecutive days. The MLC is primarily used in Cuban state stores for the purchase of imported goods.
How does the inclusion of Orbit S.A. on the restricted entities list affect remittances to Cuba?
The inclusion of Orbit S.A. in the list of restricted entities by the U.S. creates uncertainty about the future of remittances to Cuba. Orbit S.A. was seen as a viable alternative for receiving remittances following the sanctions against Fincimex S.A. Now, with these restrictions, Cubans who depend on remittances face an uncertain landscape, especially amid the reactivation of Title III of the Helms-Burton Act.
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