The dollar, the euro, and the MLC continue to rise in Cuba, reflecting the currency tension and the economic crisis affecting the country.
By CiberCuba Editorial Team
Sunday, April 27, 2025 – 07:12
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The United States dollar (USD) continues its upward trend in the informal Cuban market, trading this Sunday, April 27, 2025, at 365 pesos (CUP).
This figure confirms the constant pressure on the national currency due to the high demand for foreign exchange for everyday transactions and the limited supply in state-run exchange houses.
For its part, the euro (EUR) registers an even higher value, reaching 380 CUP. The European currency continues to establish itself as one of the most sought-after alternatives for those looking to protect their purchasing power against rising inflation and economic uncertainty on the island.
Meanwhile, the Freely Convertible Currency (MLC), primarily used in foreign currency stores, is valued at 265 CUP. Despite its declining importance compared to the dollar and the euro, the MLC remains essential for accessing basic necessities.
In general, the informal currency market continues to show a trend of rising prices, reflecting the deep economic crisis and exchange rate instability that Cuba is experiencing.
Dollar bills (USD):
Euro banknotes (EUR):
The US dollar is trading at 365 Cuban pesos (CUP) in the Cuban informal market this Sunday, April 27, 2025. This figure reflects a rising trend in demand for foreign currency due to the economic crisis and the limited supply in state-run exchange houses.
The euro is exchanged for 380 Cuban pesos (CUP) in the Cuban informal market. This increase in its value makes it one of the most sought-after currencies by Cubans to protect their purchasing power against inflation and economic uncertainty.
The Freely Convertible Currency (MLC) is a currency primarily used for making purchases in stores that operate in foreign currencies in Cuba. Currently, it is valued at 265 Cuban pesos (CUP) in the informal market. Although it has lost significance compared to the dollar and the euro, it remains important for acquiring essential goods.
Cubans closely monitor the exchange rate in the informal market because it determines their real purchasing power. In a context of scarcity and inflation, foreign currencies provide access to goods and services that are not available through state commerce, serving as a tool to protect against the devaluation of the Cuban peso.
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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.
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.
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