The price of a currency skyrockets on the black market in Cuba, before Miguel Díaz-Canel speaks

Dollar in Cuba (reference image)Photo © CiberCuba

The U.S. dollar (USD) is quoted this Friday at 510 Cuban pesos (CUP) in the informal currency market in Cuba, according to the daily monitoring of the exchange rate.

The US dollar continues to be the primary reference for many transactions in the island's informal economy. The persistent devaluation of the Cuban peso and the high demand for foreign currency to purchase food, medicines, and other basic goods keep the dollar among the most sought-after currencies by the population.

The euro (EUR) is selling today at 575 CUP, which is three pesos lower compared to its value on Thursday, but it remains above the dollar in the Cuban black market. The European currency usually commands a higher price due to its lower availability on the island and the strong demand for foreign exchange for travel, informal imports, and savings.

The Freely Convertible Currency (MLC) is trading at 410 CUP in the informal market. Its price increased by 18 pesos compared to the previous day.

Exchange Rate Evolution

This Friday, statements are expected from Cuban leader Miguel Díaz-Canel early in the morning. Some people believe he may announce political changes that could lead to economic openings for Cuba, while others think he will not reveal anything new.

Informal exchange rate in Cuba. Friday, March 13, 2026 - 06:00

Exchange rate of the dollar (USD) to Cuban pesos (CUP): 510 CUP

Exchange rate of the euro (EUR) to Cuban pesos (CUP): 575 CUP

Exchange rate from MLC to Cuban pesos CUP: 410 CUP

Equivalents of banknotes in Cuban pesos (CUP):

United States Dollar (USD)

  • 1 USD = 510 CUP
  • 5 USD = 2,550 CUP
  • 10 USD = 5,100 CUP
  • 20 USD = 10,200 CUP
  • 50 USD = 25,500 CUP
  • 100 USD = 51,000 CUP

Euro (EUR)

  • 5 EUR = 2,875 CUP
  • 10 EUR = 5,750 CUP
  • 20 EUR = 11,500 CUP
  • 50 EUR = 28,750 CUP
  • 100 EUR = 57,500 CUP
  • 200 EUR = 115,000 CUP
  • 500 EUR = 287,500 CUP

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CiberCuba Editorial Team

A team of journalists committed to reporting on Cuban current affairs and topics of global interest. At CiberCuba, we work to deliver truthful news and critical analysis.