“Latest Updates on Cuban Currency: Euro and Dollar Skyrocketing, MLC Remains Stable”

2023-05-11 11:35:51

This May 11, 2023, the most important currencies that are exchanged in Cuba, either on the black market or in state banks, woke up skyrocketing, given their high demand in the last week. We had already foreseen in these pages that the euro would touch 200 euros and it is regarding to reach this figure.

According to the analyzes carried out by the diary independent El Toque, on this day, in addition to private groups on social networks for currency exchange on the black market, it can be noted that the euro from the Schengen zone is the one that is on the rise these days. This Thursday, the euro is located on average at 197 Cuban pesos, for buying and selling. Raising two points with respect to other previous days.

But the US dollar is not far behind and is also on the rise this May 11. Right now The North American currency is quoted at 191 pesos Cubans, also a step above how it was a few days ago. Given the shortage of foreign currency in state banks and the little that is moving on the black market, the cost of hard currency continues to rise.

THIS IS THE EURO AND THE DOLLAR IN CUBA

For a week both currencies remained stable, above 190 pesos, always the euro a little higher than the dollar, but for a couple of days, both have marked their rise. It is expected that in a few days the euro will reach 200 Cuban pesos for each bill. In other words, with a 50-euro bill, you might get almost 10,000 pesos right now.

What remains stable at the moment is the Freely Convertible Currency (MLC) that is used on the island to buy in the Stores that the Cuban government created to sell basic necessities, such as food, toiletries or canned goods. The MLC is currently selling or buying at 178 Cuban pesos. The MLC is at 178 pesos.

How are the dollar and the euro in Cuban banks? The American banknote is still in the Banco Central from Cuba at 120 Cuban pesos, the euro woke up at 131. The pound sterling from Great Britain is the best seller through state financial institutions, since it is above 151 Cuban pesos.

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