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The Cuban informal market awakens this Wednesday with new changes: the value of the euro and the Freely Convertible Currency (MLC) has fallen.
The dollar, however, remains at the 440 CUP reached in the previous session, according to the daily report published by the independent media elTOQUE.
The European currency is currently valued at 490 CUP, which is 10 pesos less than on the previous day.
The euro thus breaks the stability it had reached since November 14, when it was at 500 CUP.
In the case of the Freely Convertible Currency (MLC), this Wednesday it fell again to 215 CUP, five pesos less than the previous day.
Exchange rate today 11/19/2025 - 6:20 a.m. in Cuba:
Dollar exchange rate USD to CUP according to elTOQUE: 440 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 490 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 215 CUP.
The general instability that the value of currencies has experienced in recent weeks occurs amid a growing campaign of harassment by the Cuban regime against elTOQUE, which is accused of "manipulating" the Representative Rate of the Informal Market (TRMi).
At the end of October, the dollar dropped from 485 to 410 CUP; and the euro fell from 540 to 450 CUP, in a rapid downward movement.
However, since November 9, both currencies had been gradually recovering their selling value.
This was until November 16, when the dollar broke away from the upward trend.
The adjustment takes place in a context of political and economic tension, marked by the announcement made by the Cuban government - on November 14 - regarding the upcoming creation of a "official, orderly, and transparent exchange market".
However, persistent inflation, the lack of foreign currency, and the distrust in the Cuban government's economic institutions continue to drive the demand for dollars and euros as a safe haven.
In addition, the cash shortage and banking connectivity issues on the island limit formal transactions, further fueling the parallel market.
Since 2022, the trend has been a constant devaluation of the national currency, barely interrupted by brief pauses or temporary decreases that never manage to reverse the sustained deterioration of the CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this November 19:
1 USD = 440 CUP.
5 USD = 2,200 CUP.
10 USD = 4,400 CUP.
20 USD = 8,800 CUP.
50 USD = 22,000 CUP.
100 USD = 44,000 CUP.
Equivalence of Euro banknotes (EUR) to Cuban Peso (CUP):
1 EUR = 490 CUP.
5 EUR = 2,450 CUP.
10 EUR = 4,900 CUP.
20 EUR = 9,800 CUP.
50 EUR = 24,500 CUP.
100 EUR = 49,000 CUP.
200 EUR = 98,000 CUP.
500 EUR = 245,000 CUP.
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