The value of a currency in informal sales in Cuba is collapsing



Street in Havana and banknotes of dollars and euros (Reference image)Photo © CiberCuba/ChatGpt

The informal currency market in Cuba kicks off this Tuesday with a drop in the euro, which has fallen three pesos compared to the record it reached on Monday.

At the beginning of this April 7th, the European currency falls to 585 CUP.

The dollar, for its part, remains stable at 520 CUP. The U.S. currency has not changed for the third consecutive day, consolidating the level reached after breaking the barrier of 515 CUP last week. As for the restless Freely Convertible Currency (MLC), it remains unchanged today at 395 CUP, the same price at which it was sold yesterday.

Exchange rate today 7/04/2026 - 8:25 a.m. in Cuba:

Exchange rate of the USD to CUP according to elTOQUE: 520 CUP.

Exchange Rate Evolution

Exchange rate of the euro EUR to CUP according to elTOQUE: 585 CUP.

Exchange rate from MLC to CUP according to TOQUE: 395 CUP.

Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates as of April 7:

1 USD = 520 CUP.

5 USD = 2,600 CUP.

10 USD = 5,200 CUP.

20 USD = 10,400 CUP.

50 USD = 26,000 CUP.

100 USD = 52,000 CUP.

Equivalence of Euro (EUR) bills to Cuban Peso (CUP):

5 EUR = 2,925 CUP.

10 EUR = 5,850 CUP.

20 EUR = 11,700 CUP.

50 EUR = 29,250 CUP.

100 EUR = 58,500 CUP.

200 EUR = 117,000 CUP.

500 EUR = 292,500 CUP.

The decline of the euro today occurs within a context marked by the recent issuance of 2,000 and 5,000 peso bills by the Central Bank of Cuba (BCC), a measure that has been interpreted by the population as a clear sign of inflation and devaluation of the Cuban peso.

In addition, the stagnation of the "floating rate" of the BCC continues, which keeps the official euro at around 554 CUP, well below the value that applies in the informal market.

This growing gap reinforces the perception that the official exchange rate still does not reflect the country's economic reality.

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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.