Cuba's Informal Market: Dollar Stays Stable While Euro Rises
Analysis of Cuba's informal foreign currency market today, March 13. Exchange rates for the USD, Euro, and MLC according to elTOQUE and MININT raids.
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Analysis of Cuba's informal foreign currency market today, March 13. Exchange rates for the USD, Euro, and MLC according to elTOQUE and MININT raids.
The Ministry of Interior of Cuba (MININT) intensifies operations against the informal currency market, with over 300 investigations under way.
The difference between the official rate and the black market for foreign currency in Cuba reaches critical levels this March 2026, impacting basic prices.
Cuba's informal market records a new historic drop for the peso. The US Dollar reaches 510 CUP, worsening inflation and the cost of living on the island.
Cuba's informal dollar hit 505 CUP on Feb. 20. The Central Bank raised its rate to 463 — but the 42-peso gap exposes a deepening currency crisis.
The US dollar hit a historic high of 500 Cuban pesos, just two months after the government implemented a floating exchange rate to control the informal market.