Offers in networks anticipate new increases in the dollar and euro in Cuba's informal market

The informal currency market in Cuba maintains its rates at historically high levels this Saturday, with the dollar at 405 Cuban pesos (CUP), the euro at 450 CUP, and the freely convertible currency (MLC) at 195 CUP, according to reports from the independent platform elTOQUE.

However, the offers circulating on social media suggest that the pressure on the Cuban peso could increase in the coming days.

According to these reports, some sellers are quoting the dollar in a range of 370 to 450 CUP, while the euro is being exchanged between 420 and 470 CUP, and the MLC fluctuates between 170 and 215 CUP. These margins indicate a strained market, with expectations of increases that exceed the current representative rates.

The euro maintains its status as the most expensive currency on the street, favored by its international strength and the difficulty of obtaining it in cash. The dollar, although slightly lower, remains the most widely circulated currency in the country, especially among those receiving remittances and relying on travel.

Meanwhile, the MLC continues to lose ground in terms of trust, although it remains relevant because it is still essential for purchasing in increasingly understocked state-run stores that accept foreign currency.

The detected offer ranges indicate that there is unmet demand, with buyers willing to pay prices above the daily benchmarks. In this context, analysts anticipate that the dollar could soon surpass the 410 CUP barrier, while the euro approaches the threshold of 470 CUP, figures that reflect the rapid depreciation of the Cuban peso.

The persistent shortage of foreign currency in official channels and the scarcity in exchange houses are fueling an increasingly volatile parallel market. For many families, these exchange rates mean that the monthly salary barely covers a fraction of what is needed, exacerbating the crisis of purchasing power on the island.

The behavior of the coming weeks will depend on the regime's ability to control inflation and ensure real access to foreign currency, a goal that so far seems out of reach.