Why the Dollar and the Euro Rise & Fall vs the Cuban Peso

Why the Dollar and the Euro Rise & Fall vs the Cuban Peso

Since 2022, the exchange rate in Cuba’s informal market has shown high volatility. Within a matter of weeks, the price of the dollar or euro can soar, stabilize at a new high, and then fall sharply. However, it rarely returns to its starting point.

Promises Without Materials Won’t Rebuild After Melissa

Promises Without Materials Won’t Rebuild After Melissa

Dust turned to mud. More poverty upon barren land. The little food grown in the fields washed away and thousands of homes destroyed or damaged. That is the picture across several towns in eastern Cuba after Hurricane Melissa struck on October 29, 2025.

What Are Deepfakes and How Can We Identify Them?

What Are Deepfakes and How Can We Identify Them?

According to a 2023 World Economic Forum report, deepfake videos on the internet are increasing at an annual rate of 900 %.

Cuba Gov. Tells Maduro He Can’t Count on Its Support

Cuba Gov. Tells Maduro He Can’t Count on Its Support

Venezuelan ruler Nicolas Maduro recently received bad news when he asked for help from his Cuban partners. Sources close to the Venezuelan government said that, in mid-October 2025, the dictator met in Caracas with Cuban advisers to discuss possible military or logistical support from Havana amid the growing presence of US forces near Venezuelan shores.

The Cuban Regime’s New Strategy to Attract Foreign Currency

The Cuban Regime’s New Strategy to Attract Foreign Currency

Facing a liquidity crisis and a growing loss of financial credibility, the Cuban government has launched a new strategy to attract fresh foreign currency: granting greater autonomy to foreign companies in the tourism sector.

Why Does the Dollar Keep Rising in Cuba?

Why Does the Dollar Keep Rising in Cuba?

Keys to understanding the new wave of foreign currency demand.

Young Cubans Willing to Fight and “Bleed” for Money

Young Cubans Willing to Fight and “Bleed” for Money

“Do you have the guts to bleed?” That’s the slogan used to promote a clandestine fighting league in Cuba that offers up to 20 euros per match. Amid the country’s deepening economic and social crisis, dozens of young people between 19 and 31 years old agree to fight without an audience, hoping to earn in one night what many don’t make in a month of state employment.

Gasoline in Dollars: The Gap Widens Between Cubans

Gasoline in Dollars: The Gap Widens Between Cubans

As the country dollarizes its economy, citizens improvise, adapt, and survive, aware that each liter purchased or each empty tank left behind is a reminder of the distance between official rhetoric and real life.

Cuba: Stores & Gas Stations in US Dollars Continue to Grow

Cuba: Stores & Gas Stations in US Dollars Continue to Grow

In early May 2025, El Toque published a list of the dollar stores we were able to find in Cuba. At that time, we counted 85 establishments that sold their products exclusively in foreign currency. Now, five months later, we count 209 — an increase of 146%.

Is it True There Are No Political Prisoners in Cuba?

Is it True There Are No Political Prisoners in Cuba?

From Raul Castro to Fernandez de Cossío: the same FALSE discourse persists to deny political prisoners and accuse Amnesty International.

Cuba X-ray: Power Doesn’t Pay Debts but Demands Obedience
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Cuba X-ray: Power Doesn’t Pay Debts but Demands Obedience

In the midst of blackouts lasting up to 25 hours and more than 3 million Cubans facing limited access to drinking water, Miguel Díaz-Canel once again promised “victories.” Yet while his talk centers on creative resistance, families turn to homemade inventions to collect rainwater and survive in increasingly precarious conditions.

Cuba’s Linemen Work Without Gloves, Boots, or Safety Gear

Cuba’s Linemen Work Without Gloves, Boots, or Safety Gear

In Cuba, there is hardly any electricity. That is a fact. But the workers in this field also lack the means to perform their duties. A lineman told El Toque: “The conditions in which I work are awful and dangerous, lacking all safety and protective equipment.”

Job Offer for Skilled Cubans on the Island of Granada

Job Offer for Skilled Cubans on the Island of Granada

They offer contracts in US dollars and work visas for the island of Grenada to Cuban masons and carpenters.

Neglected Cuban Towns Without Electricity or Potable Water

Neglected Cuban Towns Without Electricity or Potable Water

Life in Cuba’s towns is fading away. A set of photographs from San Antonio de Cabezas, in the municipality of Union de Reyes, Matanzas, bears witness to the decline. The streets show barely any movement: few people and no vehicles appear in public. A park without people, buildings without paint. The monotony of nothingness.

Cuban Teen Gets Eight Years for Carrying “El Quimico”

Cuban Teen Gets Eight Years for Carrying “El Quimico”

On September 4, 2025, the sentencing was announced in Moron (Ciego de Ávila) of an 18-year-old who must now spend eight years in prison for being in possession of several doses of the drug with intent to traffic, according to a report in Invasor, the official newspaper in that central province.

INFORMAL FOREIGN EXCHANGE
MARKET IN CUBA (REAL TIME)

toque_logo_white
1 EUR460.00 CUP
+5
1 USD430.00 CUP
+10
1 MLC200.00 CUP
-5
1 CAD240.00 CUP
-10
1 MXN21.88 CUP
-0.05
1 BRL115.31 CUP
-4.4
1 ZELLE431.56 CUP
-3.07
1 CLA420.12 CUP
-2.59
Calendar iconCUBA
publicidad_banenr

Sociedad

Why the Dollar and the Euro Rise & Fall vs the Cuban Peso
Since 2022, the exchange rate in Cuba’s informal market has shown high volatility. Within a matter of weeks, the price of the dollar or euro can soar, stabilize at a new high, and then fall sharply. However, it rarely returns to its starting point.

Dust turned to mud. More poverty upon barren land. The little food grown in the fields washed away and thousands of homes destroyed or damaged. That is the picture across several towns in eastern Cuba after Hurricane Melissa struck on October 29, 2025.

According to a 2023 World Economic Forum report, deepfake videos on the internet are increasing at an annual rate of 900 %.

Venezuelan ruler Nicolas Maduro recently received bad news when he asked for help from his Cuban partners. Sources close to the Venezuelan government said that, in mid-October 2025, the dictator met in Caracas with Cuban advisers to discuss possible military or logistical support from Havana amid the growing presence of US forces near Venezuelan shores.

Facing a liquidity crisis and a growing loss of financial credibility, the Cuban government has launched a new strategy to attract fresh foreign currency: granting greater autonomy to foreign companies in the tourism sector.
“Do you have the guts to bleed?” That’s the slogan used to promote a clandestine fighting league in Cuba that offers up to 20 euros per match. Amid the country’s deepening economic and social crisis, dozens of young people between 19 and 31 years old agree to fight without an audience, hoping to earn in one night what many don’t make in a month of state employment.
In early May 2025, El Toque published a list of the dollar stores we were able to find in Cuba. At that time, we counted 85 establishments that sold their products exclusively in foreign currency. Now, five months later, we count 209 — an increase of 146%.
In the midst of blackouts lasting up to 25 hours and more than 3 million Cubans facing limited access to drinking water, Miguel Díaz-Canel once again promised “victories.” Yet while his talk centers on creative resistance, families turn to homemade inventions to collect rainwater and survive in increasingly precarious conditions.
They offer contracts in US dollars and work visas for the island of Grenada to Cuban masons and carpenters.
On September 4, 2025, the sentencing was announced in Moron (Ciego de Ávila) of an 18-year-old who must now spend eight years in prison for being in possession of several doses of the drug with intent to traffic, according to a report in Invasor, the official newspaper in that central province.
Keys to understanding the new wave of foreign currency demand.
As the country dollarizes its economy, citizens improvise, adapt, and survive, aware that each liter purchased or each empty tank left behind is a reminder of the distance between official rhetoric and real life.
From Raul Castro to Fernandez de Cossío: the same FALSE discourse persists to deny political prisoners and accuse Amnesty International.
In Cuba, there is hardly any electricity. That is a fact. But the workers in this field also lack the means to perform their duties. A lineman told El Toque: “The conditions in which I work are awful and dangerous, lacking all safety and protective equipment.”
Life in Cuba’s towns is fading away. A set of photographs from San Antonio de Cabezas, in the municipality of Union de Reyes, Matanzas, bears witness to the decline. The streets show barely any movement: few people and no vehicles appear in public. A park without people, buildings without paint. The monotony of nothingness.

INFORMAL FOREIGN EXCHANGE
MARKET IN CUBA (REAL TIME)

toque_logo_white
1 EUR460.00 CUP
+5
1 USD430.00 CUP
+10
1 MLC200.00 CUP
-5
1 CAD240.00 CUP
-10
1 MXN21.88 CUP
-0.05
1 BRL115.31 CUP
-4.4
1 ZELLE431.56 CUP
-3.07
1 CLA420.12 CUP
-2.59
Calendar iconCUBA
publicidad_banenr