The price of the US dollar (USD) in the informal currency market in Cuba remained stable without significant variations throughout this week, consolidating its value at 370 CUP, according to the rate published this Saturday, May 10, 2025, at 08:00 hours.
The stability of the dollar reflects a trend of restraint in the rise of demand within the informal circuit, following weeks of constant increases that characterized the exchange rate behavior during the first quarter of the year.
Informal exchange rate in Cuba Saturday, May 10, 2025 - 10:00
- Exchange rate of the dollar (USD) to Cuban pesos CUP: 370 CUP
- Exchange rate of the euro (EUR) to Cuban pesos CUP: 385 CUP
- Exchange rate from (MLC) to Cuban pesos CUP: 265 CUP
The evolution chart for the last month shows a gradual increase from 360 CUP at the beginning of April to the current 370 at the beginning of May, where it has remained since then.
By contrast, the euro (EUR) is quoted at 385 CUP, maintaining a gap of 15 pesos above the dollar, while the freely convertible currency (MLC) registers a value of 265 CUP. This data continues to confirm the euro as the strongest currency in the informal trade.
Exchange Rate Evolution
Exchange rate stability and stagflation in Cuba
The stable behavior of the dollar should not be interpreted as a sign of economic recovery, but rather as a reflection of a broader context marked by stagflation: an economic phenomenon where stagnant production, high inflation, and unemployment coexist.
In the case of Cuba, the lack of economic growth, the deterioration of purchasing power, and the ongoing devaluation of the peso create a typical scenario of stagflation.
Although the exchange rate has stabilized in recent days, prices in the domestic market continue to rise and the real economy shows no signs of recovery. The demand for foreign currency may be restrained not by confidence in the national currency, but by reduced cash availability among the population or a decrease in remittances, two factors that are also symptoms of a stagflationary environment.
With an eye on the coming days, economic actors and citizens will remain alert to any signs of movement in an environment marked by volatility and informality as the only means of accessing foreign currency.
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