The price of currencies in Cuba, such as the dollar and the euro, continues to contrast between the informal market and the official rate set by the Central Bank of Cuba (BCC). According to the monitoring carried out on October 6 by the independent media El ToqueThe euro tops the list of the most expensive currencies on the black market, while the US dollar remains valued significantly above the official rate.
In the informal market, the euro (EUR) is quoted at 500 Cuban pesos (CUP), the US dollar (USD) at 445 CUP and the Canadian dollar (CAD) at 300 CUP.
The Mexican peso (MXN) reaches 22.42 CUP, while the Brazilian real (BRL) stands at 71.84 CUPThe Swiss franc (CHF) falls to 198.16 CUP, and the freely convertible currency (MLC), used in state stores, remains at 210 CUP.
There are also transactions with digital transfers: Zelle pays 434.53 CUP and the CLA cryptocurrency is around 417.04 CUP.
These figures show a marked gap with respect to the official exchange rate. Banco Central Bank sets the dollar at 24 CUP for entities and in 120 CUP for the population, while the euro appears at 28.19 CUP (140.97 for natural persons).
The difference between the real street price and the official value reflects the lack of access to foreign currency in the state market, a phenomenon that has intensified the role of the black market as a daily reference for Cubans.
The depreciation of the Cuban peso directly affects the cost of living on the island. With the rising prices of food, medicine, and basic goods, citizens depend on the informal market to obtain foreign currency needed for remittances, minor imports, and purchases at stores operating in Cuba. MLC.
The differential between official and informal rates also generates economic uncertainty and limits confidence in the country's monetary policy.
The euro consolidates its position as the most expensive currency on Cuba's informal market, closely followed by the dollar. Meanwhile, the exchange rate gap continues to widen, highlighting the persistence of a monetary crisis that is affecting the daily lives of the population.