This Tuesday, the euro and the Freely Convertible Currency (MLC) are both experiencing price increases in informal sales in Cuba.
At 9:00 a.m. this Tuesday, the European currency rises from 550 to 555 CUP, according to the daily report from the independent outlet elTOQUE.
The MLC, for its part, increases from 405 to 410 CUP.
The digital currency that the Cuban regime operates has been in an uninterrupted dance of values for several weeks, mainly fluctuating between 400 and 415 CUP.
Exchange Rate Evolution
In the case of the dollar, it remains stable today for the third consecutive day.
The US dollar is sold for an average of 495 CUP which is 60 pesos below the value of its European counterpart.
The high values maintained by the dollar and the euro in the Cuban informal market continue to reflect the lack of confidence in the national currency and the economic policies of the Cuban government.
While the authorities insist on demanding more resilience, the population is facing a reality marked by precariousness, hunger, and uncertainty.
Exchange rate today 10/02/2026 - 9:28 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 495 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 555 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 410 CUP.
Last week, Díaz-Canel outlined a report on the situation amid the worsening economic, energy, and social crisis the country is experiencing.
"I am not an idealist. I know we are going to face difficult times. We have done it before, but now we will overcome it together with creative resilience, effort, and talent," declared the leader.
The ruler admitted that 2025 was a "bad year" for the economy.
Hours later, the Cuban economist Mauricio de Miranda Parrondo stated: “The Cuban economic system cannot be perfected or updated. The system is the problem. It is necessary to dismantle it.”
According to De Miranda, attempts to reconcile centralized planning with market mechanisms are doomed to fail.
"Those who attempted to implement reforms that combined central planning with the market have all failed," he emphasized in a detailed analysis published on his Facebook profile.
Foreign exchange market and new mistakes
The economist also directly criticized the new system announced for the allocation of foreign currency, describing it as "a new error in economic policy."
He also advocated for the creation of "a legal and transparent foreign exchange market with a single exchange rate", which would eliminate the distortions, perverse incentives, and opportunities for corruption generated by the current parallel segments.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates on February 9:
1 USD = 495 CUP.
5 USD = 2,475 CUP.
10 USD = 4,950 CUP.
20 USD = 9,900 CUP.
50 USD = 24,750 CUP.
100 USD = 49,500 CUP.
Equivalence of Euro (EUR) banknotes to Cuban Peso (CUP):
1 EUR = 555 CUP.
5 EUR = 2.775 CUP.
10 EUR = 5,550 CUP.
20 EUR = 11,100 CUP.
50 EUR = 27,750 CUP.
100 EUR = 55,500 CUP.
200 EUR = 111,000 CUP.
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