Downhill and without brakes, that's how the freely convertible currency (MLC) continues in Cuba.
At 8:00 a.m. (Cuban local time), the virtual currency used by the Cuban regime experiences another drop, and it is now being sold at 210 CUP.
The MLC has experienced a notable streak of instability this week and seems doomed to disappear in the not-too-distant future.
In the case of the dollar and the euro, they maintain the values of the previous day: the US currency at 397 CUP and the European currency at 445 CUP, record sale figures in both cases.
Increase in the average selling rate for the dollar and the euro
The median values of transactions in the informal market indicate increases for the dollar and the euro: the US currency is heading towards 400 CUP and the euro towards 450.
It is important to remember that the median of sale values publishedelTOQUEit represents the intermediate price between the different offers reported by users and observers of the informal market in Cuba.
Unlike the average, the median avoids distortions caused by extreme values and reflects the actual behavior of the most common transactions more accurately.
Exchange rate today 09/08/2025 - 8:00 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 397 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 445 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 210 CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of August 9th:
1 USD = 397 CUP.
5 USD = 1,985 CUP.
10 USD = 3,970 CUP.
20 USD = 7,940 CUP.
50 USD = 19,850 CUP.
100 USD = 39,700 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 in the second half of 2025, a new "management, control, and currency allocation mechanism" will be implemented, as part of the so-called “Government Program to correct distortions and revive the economy.”
According to what has been reported, the new model will include the transformation of the official exchange market, the consolidation of financing schemes, and the supposed more efficient redistribution of the 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 main support for millions of households across the country.
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