In recent weeks, the MLC has had surprising behavior in the informal currency market in Cuba.
This virtual currency, which fell below 200 pesos (CUP) months ago, and then remained stagnant for a long time around 205 CUP while the dollar and the euro maintained a sustained rise, began to rise in value since the end of November.
In the midst of a campaign of complaints by the Government and the official media against the opposition media The Touchwhich added pressure on the informal quotation of hard currencies, the island’s electronic currency remained on the verge of 300 CUP for several days and finally reached that value last Saturday. according to The Touch.
However, he could not hold on to that barrier and barely one day later he backed away again. This morning it was trading at 295 CUP, its same value as yesterday, after some fluctuations during the day, according to the rate of the independent publication, which despite the campaigns and accusations against it continues to be a reference for many Cubans.
Even so, its value shows a surprising appreciation of about 90 CUP compared to a month ago, a situation that experts consider a possible consequence of the authorities’ actions against remitters and informal currency sellers, which would have revalued the MLC as a temporary alternative.
Update of informal currency market rates in Cuba
Date: 12/15/2025Image 1: Representative rate of the informal market (elTOQUE)
EUR: 480.00 CUP
USD: 440.00 CUP
MLC: 295.00 CUPThere are offers in the ranges:
EUR: from 450.00 to 500.00 CUP
USD: from 405.00 to 470.00 CUP
MLC:… pic.twitter.com/hbBpTE2jTt— The Touch (@eltoquecom) December 15, 2025
The euro and the dollar
Meanwhile, the euro experienced a new decline. After remaining above 485 CUP in recent days, today it was trading at 480, five pesos below.
With this, its difference with respect to the dollar was reduced to 40 pesos, since the US currency remains at 440 CUP.
The performance of both currencies has been irregular in recent months, with falls and rises while the exchange rate The Touch It has remained in the sights of the authorities and part of the private sector, which considers that it affects their interests and businesses.
Since then, the euro, which far surpassed the 500 CUP barrier, has remained fluctuated below that value, although without yet returning to the levels of beginning of novemberwhen it had its biggest drop next to the dollar after the impact of Hurricane Melissa.
Its current behavior occurs in a scenario of aggravated economic crisis, in which the Government has strengthened its commitment to dollarization with a package of rules for the management, control and allocation of currencies, which gives the green light to transactions under its authorization in foreign currencies, as well as to the circulation of these on the island.
On the other hand, the new exchange market with a floating rate, announced for the second half of the year by Prime Minister Manuel Marrero before the National Assembly, has not yet been established, although analysts point out that the new set of rules seems to prepare the ground for it.
