The US dollar (USD) continues to rise in the Cuban informal market, and on Tuesday it reached 448 Cuban pesos (CUP), approaching its highest value since early December (450 CUP).
The increase confirms the upward trend that began following the capture of Nicolás Maduro in Venezuela, an event that has generated political tension and economic instability throughout the region, directly impacting the exchange rates of currencies on the island.
According to the independent observatory elTOQUE, the euro (EUR) remains at 485 CUP, while the Freely Convertible Currency (MLC) continues to be stable at 400 CUP.
Informal exchange rate in Cuba Tuesday, January 6, 2026 - 09:15
Exchange Rate Evolution
- Exchange rate of the dollar (USD) to Cuban pesos CUP: 448 CUP
- Exchange rate of the euro (EUR) to Cuban pesos CUP: 485 CUP
- Exchange rate from (MLC) to Cuban pesos CUP: 400 CUP
The rise of the dollar —three pesos more than on Monday— reflects the increasing distrust in the Cuban peso (CUP) and the citizens' search for refuge in strong currencies, amidst economic and political uncertainty.
On social media, several users have linked the rise of the greenback to regional nervousness following the events in Caracas and the possibility of a readjustment in the relations between Havana and its energy ally, one of the regime's main oil suppliers.
Economists consulted by CiberCuba agree that, beyond the immediate political impact, the rise of the dollar is due to a structural reality: the lack of liquidity, rising prices, and the ineffectiveness of the Central Bank's "floating rate" to regulate the market.
With the informal market exchange rate on this Tuesday, the Cuban peso falls a bit further against foreign currencies, at the start of a year marked by uncertainty and a loss of purchasing power.
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