The informal currency market in Cuba marks this Tuesday the fifth consecutive day without price changes, according to the daily report from elTOQUE, which tracks the fluctuations of the three currencies.
At 7:00 a.m. on August 25th, the dollar remains valued at 405 CUP and the euro at 450 CUP.
In the case of the Freely Convertible Currency (MLC), it currently holds at 195 CUP to the which arrived last Friday, after having dropped by five pesos suddenly.
Amid the recent trend of stability in the currency market, it is a fact that the national currency is increasingly weak, that everyday Cubans are losing purchasing power, and that the Cuban government remains silent despite promises of currency reform on which it has yet to comment.
Exchange Rate Evolution
Exchange rate today 08/26/2025 - 9:38 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 405 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 450 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 195 CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this August 26:
1 USD = 405 CUP.
5 USD = 2,025 CUP.
10 USD = 4,050 CUP.
20 USD = 8,100 CUP.
50 USD = 20,250 CUP.
100 USD = 40,500 CUP.
Equivalence of Euro (EUR) bills to Cuban Peso (CUP):
1 EUR = 450 CUP.
5 EUR = 2,250 CUP.
10 EUR = 4,500 CUP.
20 EUR = 9,000 CUP.
50 EUR = 22,500 CUP.
100 EUR = 45,000 CUP.
200 EUR = 90,000 CUP.
500 EUR = 225,000 CUP.
In July, Manuel Marrero announced transformations in the official exchange market in Cuba, changes that - as he indicated - are expected to take place this second half of the year. However, nothing has been finalized at this time.
Frequently asked questions about the informal currency market in Cuba
What is the current exchange rate of the dollar in the Cuban informal market?
The exchange rate of the dollar in the Cuban informal market is 405 CUP for each US dollar. This rate has remained stable over the past few days.
How much is the euro being sold for in Cuba's informal market?
The euro is being sold in the Cuban informal market for 450 CUP per euro. This rate has not changed in recent days.
What is the Freely Convertible Currency (MLC) and what is its current value?
The Freely Convertible Currency (MLC) is a virtual currency used in some stores of the Cuban regime. Currently, its value in the informal market is 195 CUP, having dropped five pesos recently.
Why hasn't the Cuban government implemented the announced currency reforms?
Despite Manuel Marrero's announcement of reforms in the official exchange market in July, the Cuban government has yet to implement these reforms. This leaves citizens with an increasingly devalued Cuban peso and no concrete changes in the economic system.
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