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The dollar reached 630 Cuban pesos (CUP) on Tuesday in the informal market of Cuba, increasing by five pesos compared to Monday's closing and setting a new historical 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), on the other hand, 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 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 of 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 timeframe is even more alarming.
At the beginning of 2026, the dollar was priced at 435 CUP; by the end of March, it had risen to 515 CUP, and as of June 9, it is 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 report 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 currencies in the informal market intensified, pressures that are directly transferred to the prices consumers pay for imported goods,” stated the OMFi.
In May, the 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 staggering
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 at 620 CUP for the end of June as the central scenario, with a maximum of 650 CUP, ranges that the market is already approaching by mid-month.
Tourism in collapse and hotel chains retreating
Analysts attribute the escalation to a combination of structural factors: chronic fiscal deficit, high monetary issuance, 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, and a total of 328,608 tourists between January and April, which is 55.8% less than last year.
The sanctions imposed by the Trump Administration have accelerated the departure of major hotel chains: Blue Diamond left Cuba on May 30 with 62 hotels and over 12,900 rooms, and Iberostar ceased operations at 12 hotels in Cuba starting 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 warning he summarized as "Cuba on the brink".
Analysts consulted by elTOQUE were equally emphatic: the dollar "has no limits in the short term," as the peso remains weak and the structural imbalances show no signs of correction.
The OMFi warned that "if negotiations with the United States do not take place, the new phase of isolation will exacerbate restrictions on currencies, imported goods, and productive 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 (EUR) bills 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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