The informal currency market in Cuba wakes up calm this December 17. For the first time in many days, none of the three reference currencies show changes in their average selling values.
At the beginning of this Wednesday, the dollar is priced at 440 CUP and the euro at 480 CUP per unit, according to the daily report from the independent media elTOQUE, which records the fluctuations in exchange rates in Cuba.
The Freely Convertible Currency (MLC) also remains unchanged, as it holds the 300 CUP that it reached in the previous session.
The uneventful day in the informal currency market in Cuba coincides with the day on which The Decree-Law 113/2025 enters into effect, which legalizes and regulates the internal use of the dollar, euro, and other foreign currencies within the national economy.
Exchange Rate Evolution
The new legal framework establishes a system for managing, controlling, and allocating foreign currency that represents a break from the "Monetary Order" of 2021, allowing the Central Bank of Cuba and the Ministry of Economy and Planning (MEP) to authorize transactions in foreign currency.
Exchange rate today 12/17/2025 - 6:48 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 440 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 480 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 300 CUP.
New currency management and control system in Cuba
Among the main measures of the new currency management and control system in Cuba are the following:
-The use of the dollar and other currencies in internal transactions is authorized.
The Currency Access Capacity Allocation (ACAD) is established, a mechanism that will allow authorized companies and individuals to purchase foreign currency from the State using Cuban pesos.
-Bank accounts in foreign currency are legalized for Mipymes, cooperatives, and self-employed workers.
Non-state entities will only be able to retain up to 80% of their income in hard currency; the remainder must be delivered to the State.
-Internal payments in dollars or euros are permitted, consolidating a dual economy where access to foreign currency will be a regulated privilege.
Although the government insists that it is a "temporary" measure, the decree institutionalizes the partial dollarization of the Cuban economy and strengthens state control over the flow of foreign currency, widening the gap between those operating in dollars and those dependent on the CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates on December 17:
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 (EUR) banknotes to Cuban Peso (CUP):
1 EUR = 480 CUP.
5 EUR = 2,400 CUP.
10 EUR = 4,800 CUP.
20 EUR = 9,600 CUP.
50 EUR = 24,000 CUP.
100 EUR = 48,000 CUP.
200 EUR = 96,000 CUP.
500 EUR = 240,000 CUP.
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