This is how the market and price of currencies in Cuba dawned on November 22. What are the official and informal black market rates? Here we give you all the details immediately.
Regarding the prices of the US dollar, the euro, the Freely Convertible Currency (MLC) and the Canadian dollar, according to the representative rates of the independent media The Touchprices remain stable.
Exchange rates in the Cuban informal market have not registered variations compared to previous days.
According to the most recent data from The Touchthe main currencies continue with the same values: the United States dollar (USD) is quoted at 328 CUP, the euro (EUR) remains at 345 CUP and the Freely Convertible Currency (MLC) remains at 265 CUP.
This stability reflects a pause in parallel market fluctuations. However, the high cost of these currencies continues to be a barrier for many families and small businesses, since many basic products are only available in stores that operate with Freely Convertible Currency (MLC).
Currency prices in Cuba this Friday in November
Thus, the informal market continues to be the main source of foreign currency for those who do not have access to it through banks or CADECA, where supply is limited and official rates are well below those of the black market.
Updated equivalents of the main currencies in Cuban pesos (CUP).
US Dollar (USD):
1 USD = 328 CUP
5 USD = 1,640 CUP
10 USD = 3,280 CUP
20 USD = 6,560 CUP
50 USD = 16,400 CUP
100 USD = 32,800 CUP
Euros (EUR):
1 EUR = 345 CUP
5 EUR = 1,725 CUP
10 EUR = 3,450 CUP
20 EUR = 6,900 CUP
50 EUR = 17,250 CUP
100 EUR = 34,500 CUP
MLC:
1 MLC = 265 CUP
5 MLC = 1.325 CUP
10 MLC = 2.650 CUP
50 MLC = 13,250 CUP
100 MLC = 26,500 CUP
The Central Bank of Cuba updated its exchange rates today, reflecting the value of various currencies beyond the US dollar and the euro.
These official prices contrast with the quotes in the informal market, where rates are generally higher, affecting access to foreign currency for citizens.
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