| 1 EUR | 417.00 CUP | |
| 1 USD | 380.00 CUP | |
| 1 MLC | 260.00 CUP | |
| 1 CAD | 260.00 CUP | |
| 1 MXN | 20.00 CUP | |
| 1 ZELLE | 375.00 CUP |
INFORMAL FOREIGN EXCHANGE
MARKET IN CUBA (REAL TIME)
Autor
elTOQUE
Contamos las historias de jóvenes como tú que se sienten protagonistas de esta Cuba que cambia; aquellos que transforman los barrios, que emprenden, dialogan y construyen iniciativas ciudadanas para su gente. Te mostramos cómo otros jóvenes superaron las barreras y hoy impulsan un proyecto propio.
Cuba’s Minister of Economy and Planning, Joaquin Alonso Vasquez, confirmed that the partial dollarization of the economy will not only continue but is the official strategy for the near future.
According to press reports, Alonso acknowledged the existence of three exchange rates and how this has led the dollar to become the main “mechanism of interconnection” within the Cuban economy.
Student protests continue in Cuba. On June 5, the strike at the University of Havana’s Faculty of Mathematics and Computer Science remained active. A statement shared by the FEU of the Faculty of Chemistry, also endorsed by the UJC, confirmed the students’ decision to stop attending classes “until they receive answers.”
Documents obtained by the Miami Herald reveal that RAFIN S.A., a company controlled by the military and a shareholder in Etecsa, held more than $407 million in cash as of August 2024. RAFIN has had a key stake in Etecsa since 2011, when it purchased 27% of the company’s shares from Telecom Italia for $706 million.
Two Cuban nationals convicted of violent crimes were deported to South Sudan after the U.S. failed to find another country willing to accept them, defying a federal judge’s order and raising concerns over deportations to conflict zones.
An investigation reveals the López Obrador administration granted over $6 million in direct contracts to a Cuban-linked pharmaceutical firm, despite poor-quality, expired, and undelivered medications.
Novabank S.A., a newly licensed corporate bank in Cuba, is owned by Canadian investors from the Lussier family, longtime business partners with decades of experience on the island.
Cuba accelerates partial dollarization amid the peso's collapse and rising inflation. A new report reveals shrinking wages, increased inequality, and government-backed policies fueling a dual-currency economy.
After completing medical missions in Angola, Cuban health workers struggle to reclaim containers of food and medicine seized in Santiago de Cuba amid shipping disputes. Their calls for help remain unanswered.
The Argentine pontiff died in Rome at 88. During his papacy, he played an active role in the thaw between Cuba and the United States and supported mediation efforts with the Cuban government aimed at securing the release of political prisoners.
Since late 2024, Cubans have grown worried as MLC loses value and dollar-only stores expand. Despite official claims, both the MLC and peso are devaluing, making dollarized goods harder to afford.
Despite official claims, more state-run shops are switching to USD only. Same products, new price tags in dollars, while wages stay in pesos.
Cuban retirees struggle to access remittances in cash, facing banking restrictions and frustration. Where is their money?
The night of March 14, 2025, Cuba has been experiencing its fourth nationwide blackout in the past five months. On social media, citizens have reported the impact of the power outage on several hospitals across the country.
The island is in darkness again. Around 8:15 p.m. on March 14, 2025, a failure at the Diezmero substation caused a significant generation loss in the western part of the country, leading to the collapse of the National Power Grid, said the Ministry of Energy and Mines.
Launched in 2016 by Chinese company Bytedance Technology Co., TikTok is a social network based on short looping videos. The platform allows users to create, edit, and share audiovisual content of up to 3 minutes – although longer options exist.
Autores
elTOQUE
Contamos las historias de jóvenes como tú que se sienten protagonistas de esta Cuba que cambia; aquellos que transforman los barrios, que emprenden, dialogan y construyen iniciativas ciudadanas para su gente. Te mostramos cómo otros jóvenes superaron las barreras y hoy impulsan un proyecto propio.
Cuba’s Minister of Economy and Planning, Joaquin Alonso Vasquez, confirmed that the partial dollarization of the economy will not only continue but is the official strategy for the near future.
According to press reports, Alonso acknowledged the existence of three exchange rates and how this has led the dollar to become the main “mechanism of interconnection” within the Cuban economy.
Two Cuban nationals convicted of violent crimes were deported to South Sudan after the U.S. failed to find another country willing to accept them, defying a federal judge’s order and raising concerns over deportations to conflict zones.
Cuba accelerates partial dollarization amid the peso's collapse and rising inflation. A new report reveals shrinking wages, increased inequality, and government-backed policies fueling a dual-currency economy.
Since late 2024, Cubans have grown worried as MLC loses value and dollar-only stores expand. Despite official claims, both the MLC and peso are devaluing, making dollarized goods harder to afford.
The night of March 14, 2025, Cuba has been experiencing its fourth nationwide blackout in the past five months. On social media, citizens have reported the impact of the power outage on several hospitals across the country.
Student protests continue in Cuba. On June 5, the strike at the University of Havana’s Faculty of Mathematics and Computer Science remained active. A statement shared by the FEU of the Faculty of Chemistry, also endorsed by the UJC, confirmed the students’ decision to stop attending classes “until they receive answers.”
An investigation reveals the López Obrador administration granted over $6 million in direct contracts to a Cuban-linked pharmaceutical firm, despite poor-quality, expired, and undelivered medications.
After completing medical missions in Angola, Cuban health workers struggle to reclaim containers of food and medicine seized in Santiago de Cuba amid shipping disputes. Their calls for help remain unanswered.
Despite official claims, more state-run shops are switching to USD only. Same products, new price tags in dollars, while wages stay in pesos.
The island is in darkness again. Around 8:15 p.m. on March 14, 2025, a failure at the Diezmero substation caused a significant generation loss in the western part of the country, leading to the collapse of the National Power Grid, said the Ministry of Energy and Mines.
Documents obtained by the Miami Herald reveal that RAFIN S.A., a company controlled by the military and a shareholder in Etecsa, held more than $407 million in cash as of August 2024. RAFIN has had a key stake in Etecsa since 2011, when it purchased 27% of the company’s shares from Telecom Italia for $706 million.
Novabank S.A., a newly licensed corporate bank in Cuba, is owned by Canadian investors from the Lussier family, longtime business partners with decades of experience on the island.
The Argentine pontiff died in Rome at 88. During his papacy, he played an active role in the thaw between Cuba and the United States and supported mediation efforts with the Cuban government aimed at securing the release of political prisoners.
Cuban retirees struggle to access remittances in cash, facing banking restrictions and frustration. Where is their money?
Launched in 2016 by Chinese company Bytedance Technology Co., TikTok is a social network based on short looping videos. The platform allows users to create, edit, and share audiovisual content of up to 3 minutes – although longer options exist.
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