He euro rose again to 500 pesos (CUP) in value in the informal market of Cuba, in the midst of the new controversy surrounding the rate of the independent media The Touch and the accusations of the Cuban Government against himself.
The European currency, which days ago had experienced a surprising fall as a result of the scourge of Hurricane Melissa and a campaign against the aforementioned publication, has experienced a rapid rebound alongside the dollar on digital buying and selling platforms outside the official rate.
In the last 24 hours the euro rose another 10 CUP, according to the exchange rate itself. The Toucha medium that, in turn, denied the accusation by the Cuban authorities and called it a distraction from what it considered the Government’s “failed model.”
Meanwhile, the dollar also rose in the Cuban informal market and this Friday morning it was trading at 465 CUP, 55 pesos above the value it exhibited a week ago. And the MLC, which in recent days had been fluctuating around 205 CUP, since yesterday It remains at 210 CUP.
Update of informal currency market rates in Cuba
Date: 11/14/2025Image 1: Representative rate of the informal market (elTOQUE)
EUR: 500.00 CUP
USD: 465.00 CUP
MLC: 210.00 CUPThere are offers in the ranges:
EUR: from 440.00 to 550.00 CUP
USD: from 400.00 to 530.00 CUP
MLC:… pic.twitter.com/OIwNT7zksp— The Touch (@eltoquecom) November 14, 2025
“Scapegoat”
After accusations from Prime Minister Manuel Marrero and other officials, and also from spokespersons and official media on the island, The Touch He rejected these statements against him, both from his platform and social media profiles and in statements to other media outlets.
Its editor-in-chief, José Jasán Nieves, pointed out directly in a recent Cuban television program, denied to the agency EFE that its publication is involved in “economic terrorism” or mercenarism, nor “in any action of currency trafficking or tax evasion.”
In his opinion, the Cuban Government seeks to convert The Touch “a new scapegoat to divert attention from their resounding failure and the crisis in which they have plunged the country.”
In this regard, he pointed out that the island’s authorities “need to show themselves as victims of some external conspiracy so as not to recognize that their model is failed” and pointed out against the government’s “inability” to reduce distortions in the money market on the island.
Cuban government accuses El Toque of “currency trafficking and tax evasion”
Nieves acknowledged that around 50% of his annual budget for The Touch comes from American international cooperation and that its media has resorted to informal remittances, as stated in official media, to “facilitate access to funds” for participants in “training and public diplomacy programs of the United States embassy in Havana.”
He argued that it is the “most advantageous way to guarantee that the beneficiaries of international cooperation and public diplomacy programs receive the money for their projects,” since the formal way “supposes that their money is converted at the unrealistic rates maintained” by the Government.
The exchange rate is in fact the main reason for the controversy and the accusations of the Cuban Government with The Touchbecause the publication has become popular for the daily dissemination of an informal market exchange rate, which has become a reference for the street.
EFE / OnCuba
