The United States dollar fell again this Monday in the informal Cuban market, trading at 450 Cuban pesos (CUP), 10 less than the previous day, solidifying a downward trend that began on Sunday.
The euro (EUR) remains valued at 500 CUP, while the Freely Convertible Currency (MLC) has slightly declined to 215 CUP, five less than yesterday.
Informal exchange rate in Cuba Monday, November 17, 2025 - 02:51
- Exchange rate of the dollar (USD) to Cuban pesos CUP: 450 CUP
- Exchange rate of the euro (EUR) to Cuban pesos CUP: 500 CUP
- Exchange rate of (MLC) to Cuban pesos CUP: 215 CUP
The adjustment occurs in a context of political and economic tension, marked by the recent announcement from the regime regarding the creation of a supposed "official, orderly, and transparent currency exchange market", announced on Friday.
Exchange Rate Evolution
Second consecutive day of dollar decline
With today's decline, the dollar has now experienced two consecutive days of drops following a week of increases that had brought it to 470 CUP.
Although the movements are moderate, the correction aligns with the regime's media offensive against the independent outlet El Toque, which it accuses of "manipulating" the informal dollar rate.
Economists consulted by CiberCuba believe that the coincidence is not coincidental and that the official announcement may have had a temporary psychological effect on the parallel market, resulting in a pause in speculative escalation.
However, they warn that without real liquidity in foreign currencies or measures to restore public confidence, the supposed new exchange system will be just another promise without technical support.
The regime's discourse and the reality of the market
The regime seeks to reestablish its narrative of control over the exchange rate, while the informal market —measured by the Informal Market Representative Rate (TRMi) of El Toque— remains the only functional reference for millions of Cubans.
The national economy continues to be burdened by persistent inflation, cash shortages, and a lack of trust in state financial institutions.
Therefore, analysts agree that the decline of the dollar does not signify a recovery of the Cuban peso, but rather a temporary pause in currency volatility.
The official discourse emphasizes stability, but the streets continue to reflect the true value of the Cuban peso.
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