Day of change in the informal currency market in Cuba: The value of the Free Convertible Currency (MLC) rises again.
At 8:00 a.m. (local Cuban time) this Tuesday, the MLC rises to 415 CUP, which means an increase of 10 pesos from its price on Monday, according to the index of representative rates of the informal market (TRMi), published daily by the independent outlet elTOQUE.
The MLC has already seen weeks of fluctuating values that primarily range between 400 and 415 CUP.
The dollar, for its part, is now at a record value of 500 CUP for eight consecutive days.
Exchange Rate Evolution
The euro also shows no changes and today remains at 560 CUP.
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: 415 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 euro, there has not been a sudden surge in demand.
The Observatory recently pointed out a "strange calm" in the informal market, driven by a combination of factors: the contraction of tourism—a key source of foreign currency—the paralysis of production, the reduction of international flights, and the logistical difficulties faced by small and medium-sized enterprises (mipymes) in importing.
The energy crisis, exacerbated by the disruption of fuel shipments from Venezuela and Mexico, has had a multiplier effect on the economy.
With production semi-paralyzed, transportation in collapse, and an increasing difficulty in importing goods, the market has contracted.
In this scenario, the lower supply acts as a strong inflationary force.
The rising cost of basic goods and the erosion of purchasing power in CUP fuel a vicious cycle in which the relative demand for foreign currency persists, even amidst 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 witnessing a dramatic decrease 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 as of February 17:
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) bills 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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