This Friday, two currencies are experiencing new changes in the informal market: the euro is rising while the Free Convertible Currency (MLC) is decreasing in price.
At 7:00 a.m. (Cuban local time), the European currency rises to 455 CUP, five pesos more than the day before and a new record figure for street trading in Cuba.
The MLC, on the other hand, falls to 190 CUP, three pesos lower than yesterday, marking another step in the plunge into the depths of the digital economic monstrosity operated by the regime.
The dollar, for its part, remains at 410 CUP, the level reached the previous day, according to the daily report from elTOQUE.
Exchange Rate Evolution
In light of the increasing activity of the three reference currencies in the informal Cuban market, particularly the dollar and the euro in recent months, it is a fact that the national currency is becoming increasingly weak and that ordinary Cubans are losing purchasing power.
Meanwhile, the Cuban government remains silent despite promises of currency reform on which it has not yet commented.
Exchange rate today 08/29/2025 - 7:42 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 410 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 460 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 190 CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), based on the exchange rates as of August 29:
1 USD = 410 CUP.
5 USD = 2,050 CUP.
10 USD = 4,100 CUP.
20 USD = 8,200 CUP.
50 USD = 20,500 CUP.
100 USD = 41,000 CUP.
Equivalence of Euro (EUR) bills to Cuban Peso (CUP):
1 EUR = 460 CUP.
5 EUR = 2,300 CUP.
10 EUR = 4,600 CUP.
20 EUR = 9,200 CUP.
50 EUR = 23,000 CUP.
100 EUR = 46,000 CUP.
200 EUR = 92,000 CUP.
500 EUR = 230,000 CUP.
In July, Manuel Marrero announced transformations in the official foreign exchange market in Cuba, changes that -as he stated- are expected to be implemented in the second half of the year. However, nothing has been finalized so far.
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