August 23 dawned with a slight increase in the price of foreign currency in Cuba, according to the daily morning report of the media outlet El Toque. Below are details of the informal and official exchange rate on the island.
As every morning, we inform our readers about the currency exchange rate on the island, and how much foreign currencies such as the American dollar and the euro from the European zone are bought and sold, in addition to the Freely Convertible Currency (MLC).
This Thursday, the US dollar is trading at 320 Cuban pesos on the informal market, according to El Toque, a reference medium for unofficial exchange rates in Cuba. In addition, the euro is valued at 332 CUPmarking an increase of two points compared to the previous day.
The MLC (virtual dollar) is bought and sold on average in the country at 275 CUP. These unofficial exchange rates only reflect the transactions carried out in certain currency buying and selling groups in the country. And as we always remember, what happens in Arroyo Naranjo is not the same as what happens in Bayamo, regarding the price of currencies in Cuba, whether it is an increase or a decrease.
Slight increase in foreign currency in Cuba
With this slight increase in the price of foreign currency in Cuba, the informal market undoubtedly offers more attractive exchange rates, although it carries a significantly higher risk.
This remains the only option available to obtain foreign currency quickly. On the street, for example, you could exchange 100 US dollars for 32 thousand Cuban pesos. And if they were euros, you would earn much more.
However, the official rates are still there on a daily basis, according to the official website of the Central Bank of Cuba (BCC). The American dollar remains at 120 Cuban pesos for a greenback, while the euro is quoted at around 130 Cuban pesos.
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