The Freely Convertible Currency (MLC) is resistant to disappearing; at least, that is what is suggested by its unexpected price increase this Wednesday.
The MLC rises again to 220 CUP in the informal market in Cuba, recouping the five pesos lost the previous day.
The dollar and the euro, for their part, retain their selling values from Tuesday: the U.S. currency at 395 CUP and the European currency at 445 CUP, record selling figures in both cases.
An interesting fact is that the median values of buying and selling in the informal market indicate increases for both the euro and the dollar.
Exchange Rate Evolution
The European currency rises to 447.5 CUP in sales; meanwhile, the dollar also increases, reaching 398 CUP. We will have to wait to see if these increases stabilize in the coming hours.
Exchange rate today 06/08/2025 - 8:15 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 395 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 445 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 220 CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), based on exchange rates from August 6:
1 USD = 395 CUP.
5 USD = 1,975 CUP.
10 USD = 3,950 CUP.
20 USD = 7,900 CUP.
50 USD = 19,750 CUP.
100 USD = 39,500 CUP.
Equivalence of Euro (EUR) banknotes to Cuban Peso (CUP):
1 EUR = 445 CUP.
5 EUR = 2,225 CUP.
10 EUR = 4,450 CUP.
20 EUR = 8,900 CUP.
50 EUR = 22,250 CUP.
100 EUR = 44,500 CUP.
200 EUR = 89,000 CUP.
500 EUR = 222,500 CUP
In mid-July, the Cuban Prime Minister, Manuel Marrero Cruz, announced that a new "mechanism for managing, controlling, and allocating foreign currency" will be implemented in the second half of 2025, as part of the so-called "Government Program to correct distortions and boost the economy".
According to reports, the new model will include the transformation of the official exchange market, the consolidation of financing schemes, and the supposed more efficient redistribution of foreign currencies 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 are the primary support for millions of households across the country.
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