The Freely Convertible Currency (MLC) continues to show signs of instability in the Cuban informal market.
In recent hours, its selling price has risen again, reaching 295 CUP, coming very close to the threshold of 300 CUP.
The sales figure today for the digital currency used by the Cuban regime reflects an increase of five units compared to its value from the previous day.
The MLC has entered a roller coaster dynamic in recent days, with sudden drops or spikes in its average selling price.
Exchange Rate Evolution
The US and European currencies, for their part, remain stable
Today the dollar remains pegged for the second consecutive day at 445 CUP, a value it reached at the beginning of this week.
Also unchanged is the euro, which continues to sell for 490 CUP, as reported on December 10 by the independent media elTOQUE, which documents the fluctuations in currency prices in Cuba.
Exchange rate today 10/12/2025 - 6:52 a.m. in Cuba:
Dollar exchange rate USD to CUP according to elTOQUE: 445 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 490 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 295 CUP.
The MLC: The phoenix of the Cuban informal market
For much of 2025, the informal exchange rate of the Freely Convertible Currency has significantly dropped against the Cuban peso.
Its decline has been driven by the loss of trust among the population, the increased use of cash in dollars and the decrease in products in state stores that operate in MLC.
These elements fueled persistent rumors for months about their imminent disappearance as a relevant means of payment in the Cuban economy.
However, despite those warnings, the MLC has not disappeared; rather, it has demonstrated a remarkable ability to survive.
The MLC remains an ambiguous monetary instrument: declining, yet still functional.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates on December 10th:
1 USD = 445 CUP.
5 USD = 2,225 CUP.
10 USD = 4,450 CUP.
20 USD = 8,900 CUP.
50 USD = 22,250 CUP.
100 USD = 44,500 CUP.
Equivalence of Euro (EUR) bills 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.
In recent weeks, the Cuban government has intensified its campaign against the informal currency market and against the reference rate published by the independent media elTOQUE.
This offensive includes criminal investigations, threats to currency exchange operators, and a communication strategy focused on discrediting alternative sources of exchange rates for the dollar, euro, and other currencies.
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