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The dollar reached 630 Cuban pesos (CUP) on the informal market in Cuba this Tuesday, increasing by five pesos compared to Monday's close and setting a new historic high, according to real-time data recorded by elTOQUE.
In the case of the euro, the European currency remains stable at 710 CUP.
The Freely Convertible Currency (MLC), for its part, experiences a sharp decline of 30 CUP, settling at 425 CUP.
Exchange rate today 09/06/2026 - 7:55 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 630 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 710 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 425 CUP.
The timeline for June reflects a daily escalation without pauses.
In just seven days, the dollar has risen by 35 CUP (+5.9%) and the euro by 75 CUP (+11.8%) in informal sales in Cuba.
The peso loses a third of its value in 2026
The perspective on the broader time horizon is even more alarming.
At the beginning of 2026, the dollar was trading at 435 CUP; by the end of March, it had risen to 515 CUP, and on this June 9, it stands at 630 CUP; this represents an increase of 115 CUP in just over two months.
The Currency and Finance Observatory (OMFi) of elTOQUE published its monthly bulletin yesterday with a severe diagnosis: the Cuban peso fell by 33% in 2026, losing 33.3% of its value against the dollar and 35.4% against the euro between January and May.
“The acceleration in May confirms that upward pressures on foreign currencies in the informal market intensified, pressures that are directly reflected in the prices consumers pay for imported goods,” noted the OMFi.
In May, depreciation accelerated with a drop of 8.4% in just one month, the worst monthly record of the year.
The gap with the official rate is abyssal
The Central Bank of Cuba (BCC) maintains an official exchange rate of 533 CUP per dollar and 619.77 CUP per euro, which implies a difference of more than 90 CUP for both currencies compared to the informal market.
The OMFi projected a dollar to be at 620 CUP by the end of June as the central scenario, with a maximum of 650 CUP, ranges that the market is already nearing by mid-month.
Tourism in collapse and hotel chains withdrawing
Analysts attribute the escalation to a combination of structural factors: chronic fiscal deficit, high monetary emission, contraction of GDP, energy crisis with prolonged blackouts, and informal dollarization of the economy.
This is compounded by the collapse of tourism, with only 35,561 visitors in March 2026. This figure represents an 82% decrease compared to the same month in 2025, totaling 328,608 tourists between January and April, which is a 55.8% drop from last year.
The sanctions from the Trump Administration have accelerated the exit of major hotel chains: Blue Diamond left Cuba on May 30 with 62 hotels and more than 12,900 rooms, and Iberostar ceased operations at 12 hotels in Cuba as of June 1, citing the need to adapt to the "international regulatory environment."
No roof in sight
The economist Elías Amor warned that the dollar could approach 1,000 CUP if macroeconomic imbalances are not corrected, in a cautionary statement he summarized as “Cuba on the brink”.
Analysts consulted by elTOQUE were equally emphatic: the dollar "has no limits in the short term," given that the peso remains weak and structural imbalances show no signs of correction.
The OMFi warned that "if no negotiation with the United States takes place, the new phase of isolation will exacerbate restrictions on foreign currency, imported goods, and production inputs, leading to greater scarcity, social deterioration, and inflationary pressures."
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this June 9:
1 USD = 630 CUP.
5 USD = 3,150 CUP.
10 USD = 6,300 CUP.
20 USD = 12,600 CUP.
50 USD = 31,500 CUP.
100 USD = 63,000 CUP.
Equivalence of Euro bills (EUR) to Cuban Peso (CUP):
1 EUR = 710 CUP.
5 EUR = 3,550 CUP.
10 EUR = 7,100 CUP.
20 EUR = 14,200 CUP.
50 EUR = 35,500 CUP.
100 EUR = 71,000 CUP.
200 EUR = 142,000 CUP.
500 EUR = 355,000 CUP.
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