He dollar and the euro They maintain their ascending trend in the informal market of Cuba and this Friday exhibit historical maximums after continuing to climb in recent days.
The American currency, which A week ago It was quoted at 410 pesos (CUP), it is already in the 420 CUP, after a rise of 10 pesos in that period, according to the independent medium The touchused as a reference by vendors and buyers on the island.
The euro also increased its value by 10 pesos in the last seven days. This morning its average value between the purchase and sale offers on the digital platforms was 470 CUP, 60 above the informal price of the dollar and, as if applicable, a record record in Cuba.
Meanwhile, despite having fallen Below 200 Cup in Augustthe MLC experiences a striking recovery since last week and at dawn today he had climbed again to that barrier, according to the rate of The touch.
His rebound does not seem to be a mere fluctuation and is surprising, in a context in which the electronic currency has been losing ground in the country, amid the dollarization process promoted by the Cuban government.
Update of Currency Informal Market Rates in Cuba
Date: 09/12/2025Image 1: Representative rate of the informal market (Eltoque)
EUR: 470.00 Cup
USD: 420.00 Cup
MLC: 200.00 CupThere are offers in the ranges:
EUR: From 400.00 to 502.00 Cup
USD: from 380.00 to 480.00 Cup
MLC:… pic.twitter.com/nolryac2ld– The touch (@eltoquecom) SEPTEMBER 12, 2025
Between waiting and uncertainty
The current trend of the informal market, with the main foreign currencies on the rise and the surprising recovery of the Cuban virtual currency, occurs in the middle of the exacerbation of the prolonged socioeconomic crisis on the island, marked by the chronicle lack of basic products, high inflation, prolonged blackouts and a sustained migratory wave.
To this is added, by others, the aforementioned dollarization process, which has multiplied throughout the country the establishments and services in which only the payment on cards backed up in strong currencies is accepted, while the once supplied stores in MLC lose more and more land.
For others, it does not yet come into force of the new exchange market with floating rate, announced in December and confirmed in July by Prime Minister Manuel Marrero before the National Assembly, which – according to the Head of Government – must begin to function at some time in the second half of the year.
With September almost halfway, Cubans are still waiting for a measure still without a precise date for its beginning, which, according to Marrero, seeks among other things to reduce the monetary circulating high on the island, which grew by 13.9 % interannual.
However, independent experts estimate that this new market could continue to drive the informal price of the dollar and the euro – at the time of the devaluation of the peso -, with the crisis as a backdrop and fuel for that presumable increase.
Meanwhile, analysts such as Pavel Vidal say that the informal market is showing signs of greater uncertainty than in previous months, which complexes predict their behavior and makes it likely that fluctuations will occur in the value of currencies throughout September.
