Without any changes, the price of currencies in Cuba remains completely stagnant, or at least that is how the independent media elToque reports it.
In fact, according to elToque, neither the median values for the buying and selling of dollars, euros, and MLC shows any sign of movement.
At dawn this Wednesday, the three reference currencies have gone two weeks without any changes occurring in any of them.
The dollar remains at 340 CUP. The U.S. currency has now been unchanged for 25 days.
The European currency today also stands at 340 CUP, the same as the dollar.
Exchange Rate Evolution
In the case of the Freely Convertible Currency (MLC), it remains valued at 240 CUP, and it has now been at that price for 23 days.
What is happening? This is what many citizens are asking on social media, although, as is often the case, other internet users point out that the values given by elToque do not reflect what is truly happening on the ground.
Exchange rate today 05/02/2025 - 12:34 p.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 from MLC to CUP according to elTOQUE: 240 CUP. Equivalencies of each available bill in euros and US dollars to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates on this 5th of February:
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.
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 informal Cuban market. However, this inclusion has caused concern among Cubans who rely on remittances sent from the northern country.
Orbit S.A. acted as a viable alternative for remittance processing following the exit of Fincimex S.A. from the business, due to 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.
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