Day of change in the informal currency market in Cuba: The value of the Cuban Convertible Currency (MLC) rises.
At 8:00 a.m. (Cuban local time) this Sunday, the MLC rises to 410 CUP, which is seven pesos more than its price on Saturday, according to the index of representative rates from the informal market (TRMi), published daily by the independent media elTOQUE.
The MLC has now been weeks engaged in a fluctuation of values that mainly ranges between 400 and 415 CUP.
The dollar, for its part, has today reached six consecutive days valued at its record high of 500 CUP, achieved last Tuesday.
Exchange Rate Evolution
The euro also experiences no change and remains today at 560 CUP. Exchange rate today 14/02/2026 - 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: 419 CUP.
According to the Observatory of Currencies and Finance of Cuba (OMFi), the market behavior in the first 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 the euro, there has not been a sudden surge in demand.
The Observatory 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—productive paralysis, the reduction in international flights, and the logistical difficulties faced by small and medium-sized enterprises in importing. The energy crisis, exacerbated by the interruption of fuel shipments from Venezuela and Mexico, has had a multiplying effect on the economy.
With production semi-paralyzed, transportation collapsed, and increasing difficulties in importing goods, the market has contracted.
"The consequences are felt throughout the economy: disruptions in production, transportation collapse, logistical difficulties for imports, and a deepening shortage of basic goods," detailed elTOQUE in an article published this week.
In this scenario, the lower supply acts as a powerful inflationary impulse.
The rising cost of basic goods and the erosion of purchasing power in CUP fuel a vicious cycle where the relative demand for foreign currency persists, even amid an apparent stagnation.
The depreciation of the peso and the resulting inflation have a direct impact on 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 inequalities.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates on this February 15th:
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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