Dollars and euros once again register this Wednesday another day of drop in average sales value in the Cuban informal market.
At 7 in the morning on May 22 (local Cuban time), the dollar is valued at 365 pesos, five pesos less than the day before.
There are already seven days of consecutive fall of the dollar. Between May 16 and May 22, it has dropped a total of 30 pesos in one week.
In the case of The European currency drops two pesos and stands today at 378 CUP.
The Freely Convertible Currency (MLC), for its part, continues to be valued at 300 pesosa price it has held for several days.
Exchange rate today 05/22/2024 – 7:20 am in Cuba:
Dollar exchange rate USD to CUP according to the touch: 365 CUP.
Euro exchange rate EUR to CUP according to the touch: 378 CUP.
MLC to CUP exchange rate according to the touch: 300 CUP.
Alternative exchange rate from other platforms:
Dollar (USD) exchange rate: Buy 357 CUP, Sell 368 CUP.
Euro (EUR) exchange rate: Buy 367 CUP, Sell 378 CUP.
MLC exchange rate: Buy 291 CUP, Sell 299 CUP.
The informal Cuba exchange rate offered here is not officially recognized or endorsed by any financial or government entity.
Next are detailed equivalents of each available euro and US dollar bill to Cuban pesos (CUP), according to the exchange rates of this Wednesday, May 22.
US Dollar (USD) to Cuban Peso (CUP):
1 USD = 365 CUP.
5 USD = 1,825 CUP.
10 USD = 3,650 CUP.
20 USD = 7,300 CUP.
50 USD = 18,250 CUP.
100 USD = 36,500 CUP.
Euro (EUR) to Cuban Peso (CUP):
1 EUR = 378 CUP.
5 EUR = 1,890 CUP.
10 EUR = 3,780 CUP.
20 EUR = 7,560 CUP.
50 EUR = 18,900 CUP.
100 EUR = 37,800 CUP.
This information can be useful to calculate the cost in Cuban pesos of any amount of dollars or euros. These conversions are based on the provided rates of 365 CUP per dollar and 378 CUP per euro.
The Cuban economist Emilio Morales assured this week in an interview with CyberCuba that it is “impossible” for the Cuban peso to have revalued on its own, gaining ground on the dollar, as has happened in recent days, and He attributed the fall in the informal price of currencies to maneuvers by the cyber-clarias of the UCI (University of Computer Sciences) of the island.
In the opinion of Emilio Morales, the The only news that can revalue the peso on its own is “that the Government fell”and this because there would finally be hope for a change in the system.
Morales also ruled out that The decrease in the price of dollars, euros and MLC in Cuba is due to an alleged injection of foreign currency in the informal market.
“Where are they going to get the foreign currency if they have blackouts every day because they don’t have enough to buy oil? “It would have to be a multi-million dollar injection and they don’t have it”he questioned.
When asked if there could be any mechanism other than the intervention of the clarias to control inflation this week, the economist responded forcefully.
“That’s a lie. Cuba doesn’t produce. Where is the productive support for that to happen? That’s probably going to get back on track and surpass the 400-peso barrier,” he asserted.
Emilio Morales also rejected that the touch be responsible for the inflation that the country is experiencing for publishing the evolution of the currency in the informal market, as the government has insisted time and again.
