The informal currency market in Cuba opened this Saturday unchanged.
At 10:00 a.m. (Cuban local time), the U.S. dollar remains at its record value of 500 CUP for the fifth consecutive day, reached on Tuesday.
The European currency, for its part, remains at 560 CUP.
In the case of the Freely Convertible Currency (MLC), it maintains the 403 CUP from the previous day, according to the representative rates index of the informal market (TRMi), which is published daily by the independent outlet elTOQUE.
Exchange Rate Evolution
Exchange rate today 02/14/2026 - 10:39 a.m. in Cuba:
Dollar exchange rate USD to CUP according to elTOQUE: 500 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 560 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 403 CUP.
According to the Observatory of Currencies and Finances of Cuba (OMFi), the market's behavior in the early weeks of the year has been relatively stable, despite the adverse macroeconomic environment.
According to the OMFi, despite a sustained increase in the dollar and euro, no sudden surge in demand has been observed.
The OMFi recently pointed to a "strange calm" in the informal market, driven by a combination of factors: the contraction of tourism—a key source of foreign currency—the productive paralysis, the reduction of international flights, and the logistical difficulties faced by small and medium-sized enterprises in importing.
Energy shock: Inflationary catalyst
The energy crisis, exacerbated by the disruption of fuel shipments from Venezuela and Mexico, has had a multiplying effect on the economy.
With production semi-paralyzed, transportation collapsing, and increasing difficulties in importing goods, the market has contracted.
“The consequences are felt throughout the economy: disruptions in production, collapse of transport, logistical difficulties for imports, and a deepening of the shortage of basic goods,” detailed elTOQUE in an article published this week.
In this scenario, the reduced supply acts as a powerful inflationary force. The rising cost of basic goods and the erosion of purchasing power in CUP fuel a vicious circle where the relative demand for foreign currency persists, even amid an apparent lethargy.
Social impact: More inequality and precariousness
The depreciation of the peso and the resulting inflation directly impact Cuban households. Sectors that rely on income in CUP are experiencing a dramatic reduction in their purchasing power.
At the same time, those who receive remittances in foreign currency have differentiated access to essential goods, which deepens social disparities.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this February 14th:
1 USD = 500 CUP.
5 USD = 2,500 CUP.
10 USD = 5,000 CUP.
20 USD = 10,000 CUP.
50 USD = 25,000 CUP.
100 USD = 50,000 CUP.
Equivalence of Euro (EUR) banknotes to Cuban Peso (CUP):
1 EUR = 560 CUP.
5 EUR = 2,800 CUP.
10 EUR = 5,600 CUP.
20 EUR = 11,200 CUP.
50 EUR = 28,000 CUP.
100 EUR = 56,000 CUP.
200 EUR = 112,000 CUP.
500 EUR = 280,000 CUP.
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