The euro registers a new record selling price this Friday in the Cuban informal market. The European currency rises by one peso, reaching 437 CUP per unit, an unprecedented selling value since fluctuations in currency have been recorded in Cuba.
In the case of the dollar, which the day before reached 390 CUP, on this July 25th it maintains that selling price, according to the daily report from elTOQUE. It neither rises nor falls.
The Freely Convertible Currency (MLC) remains unchanged, still valued at 220 CUP.
Exchange rate today 07/25/2025 - 10:13 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 390 CUP.
Exchange Rate Evolution
Exchange rate of the euro EUR to CUP according to elTOQUE: 437 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 220 CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), based on the exchange rates as of July 25:
1 USD = 390 CUP.
5 USD = 1,950 CUP.
10 USD = 3,900 CUP.
20 USD = 7,800 CUP.
50 USD = 19,500 CUP.
100 USD = 39,000 CUP.
Equivalence of Euro (EUR) notes to Cuban Peso (CUP):
1 EUR = 437 CUP.
5 EUR = 2,185 CUP.
10 EUR = 4,370 CUP.
20 EUR = 8,740 CUP.
50 EUR = 21,850 CUP.
100 EUR = 43,700 CUP.
200 EUR = 87,400 CUP.
500 EUR = 218,500 CUP.
Last week, the Cuban Prime Minister, Manuel Marrero Cruz, announced before the National Assembly of People's Power (ANPP) that a new “management, control, and currency allocation mechanism” will be implemented in the second half of 2025, as part of the so-called “Government Program to correct distortions and reinvigorate the economy.”
According to Marrero, the new model will include the transformation of the official currency market, the consolidation of financing schemes, and the supposed more efficient redistribution of the foreign currency generated by state-owned enterprises.
Meanwhile, the informal market continues to set the trend, the Cuban peso is worth less and less, and remittances from emigrants support millions of households.
Cubans are still forced to buy dollars on the street to purchase food, medications, or to pay for immigration procedures.
For a long time, experts have warned that any attempt to reorganize the currency system without an inclusive policy will only serve to deepen inequality. Without real access to foreign currency, the population is trapped in a parallel economy that punishes the most vulnerable.
Filed under:
