The informal currency market in Cuba wakes up this Saturday to an important change: the dollar sets a new sales record.
The increase in the value of the U.S. dollar occurs in a context marked by the rising social tensions on the island, which reached a peak on the night of this past Friday, with disturbances in Morón that resulted in five arrests and an alleged gunshot wound.
In the last few hours, the US dollar climbed to 512 CUP, which represents two pesos more than the value it held for over 10 days.
The euro, for its part, holds today at 575 CUP that it reached yesterday.
Exchange Rate Evolution
In the case of the Freely Convertible Currency (MLC), it decreased from 410 to 400 CUP, according to the daily report from elTOQUE, which documents the fluctuations of currencies.
Exchange rate today 03/14/2026 - 7:48 a.m. in Cuba:
Dollar exchange rate USD to CUP according to elTOQUE: 512 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 575 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 400 CUP.
The rates published by elTOQUE have become one of the main indicators for measuring the real value of the Cuban peso against foreign currencies, in a context where the official exchange rate remains significantly disconnected from the market reality.
Foreign currencies are primarily used for emigration, importing goods, protecting savings against inflation, or making purchases in the growing private sector, which keeps pressure high on the informal market.
In a scenario of sustained inflation, low state salaries, and increasing partial dollarization of the economy, the behavior of the informal foreign exchange market continues to have a direct impact on internal prices and the purchasing power of Cubans.
Equivalence of United States Dollar (USD) bills to Cuban Peso (CUP), according to the exchange rates as of March 14:
1 USD = 512 CUP.
5 USD = 2560 CUP.
10 USD = 5120 CUP.
20 USD = 10,240 CUP.
50 USD = 25,600 CUP.
100 USD = 51,200 CUP.
Equivalence of Euro (EUR) banknotes to Cuban Peso (CUP):
1 EUR = 575 CUP.
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.
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