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Another record day in the Cuban informal market: the euro continues to rise and has increased for the second consecutive day.
According to the daily report from the independent outlet elTOQUE, by the dawn of this Thursday, the European currency reaches 510 CUP per unit, which represents three pesos more than the average selling price of the euro reached yesterday.
Since October 5, when it was valued for the first time at 500 pesos, the European currency has seen an increase in its value of 10 pesos in just four days.
In the case of the dollar, the US currency remains valued at 450 CUP, the price it has held since Tuesday.
The Freely Convertible Currency (MLC), for its part, whose decline and volatility have been prominent features in recent months, has remained stable for the last two weeks: it has been valued at 210 CUP since September 25.
Exchange rate today 09/10/2025 - 7:22 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 450 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 510 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 210 CUP.
Since the end of 2024, the Cuban government has announced its intention to introduce a floating exchange system to try to narrow the gap between the official and informal value of currencies.
However, more than six months later, they have not provided details about its implementation.
Independent economists warn that any attempt to regulate the exchange system should start from a reference rate close to the Representative Rate of the Informal Market (TRMI).
That is to say, the government would have to officially recognize prices four times higher than the current 120 CUP per euro maintained by state banks and official currency exchange houses (CADECA).
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this October 9:
1 USD = 450 CUP.
5 USD = 2,250 CUP.
10 USD = 4,500 CUP.
20 USD = 9,000 CUP.
50 USD = 22,500 CUP.
100 USD = 45,000 CUP.
Equivalence of Euro (EUR) bills to Cuban Peso (CUP):
1 EUR = 510 CUP.
5 EUR = 2,550 CUP.
10 EUR = 5,100 CUP.
20 EUR = 10,200 CUP.
50 EUR = 25,500 CUP.
100 EUR = 51,000 CUP.
200 EUR = 102,000 CUP.
500 EUR = 255,000 CUP.
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