CADECA, the financial entity that manages the official exchange houses in Cuba, opened new offices “for the currency sale throughout the country.”
These are 20 new branches, distributed in several provinces, a decision that is “the result of a rigorous analysis of the operational performance of the exchange market since the beginning of its transformations, as well as the recent evolution of the economic context,” says the newspaper Granma.
According to the official publication, “the functioning of the market and its different segments has generally shown results as expected.”
In correspondence with this, CADECA considered “prudent to expand the coverage of currency sales operations to the population as part of the process of strengthening the financial system in its role as the main intermediary of the economy’s exchange operations.”
This expansion should contribute “to the improvement of banking services, in line with the gradual approach that characterizes these transformations,” noted the official note in reference to the establishment of the new floating rate by the Central Bank of Cuba (BCC).
The informal market and the floating rate
The information about the new CADECA offices coincides with the closing of 2025, a very difficult year for Cuba both economically and socially. Also, with a rise in the main currencies in the floating rate and a moment of tranquility in the informal market.
In the latter, the US currency has remained at 435 pesos (CUP) for days, according to the rate of the opposition media. The Touchused as a reference by many Cubans inside and outside the island, and which the Cuban Government accuses of manipulation.
The euro also remains “quiet” on digital platforms where purchase and sale operations are promoted outside the official rate. Its price today is 480 CUP, similar to what it has maintained in recent weeks after its fall from 500 pesos.
The novelty in the informal market is a slight decrease in the MLC, which is now quoted at 400 CUP, a value that it did not even dream of approaching in recent months, but which rose rapidly in parallel with the government campaign against The Touch and the announcement of the new floating rate.
Update of informal currency market rates in Cuba
Date: 12/31/2025Image 1: Representative rate of the informal market (elTOQUE)
EUR: 480.00 CUP
USD: 435.00 CUP
MLC: 400.00 CUPThere are offers in the ranges:
EUR: from 460.00 to 500.00 CUP
USD: from 425.00 to 445.00 CUP
MLC:… pic.twitter.com/wDWHjM5zX7— The Touch (@eltoquecom) December 31, 2025
Regarding the latter, on the last day of the year it shows an increase for both the dollar and the euro and the Canadian dollar.
Yeah this tuesday The US currency was officially quoted at 409 CUP, today It does so at 411, a jump of two pesos in 24 hours.
The euro, for its part, has a valuation of 483.34 CUP, more than one peso higher than yesterday’s 481.92.
As for the Canadian dollar, its official value is now 300.35 CUP, also higher than the 298.77 it showed the day before.
It remains to be seen if these increases mark a trend heading into the new year, or are just new fluctuations like those the floating rate has already experienced since its establishment.
