Cuba's Informal Currency Market Sees Dollar and Euro Surge Amid Economic Strains

Cuba's informal currency market saw significant fluctuations on August 23, 2026, with both the U.S. dollar and euro experiencing notable changes in value.

The U.S. dollar rose to 664 Cuban pesos (CUP) from its previous day's close, a one-peso increase. The euro jumped to 750 CUP, up four and a half pesos from the previous session.

These changes have significant implications for Cubans relying on remittances or foreign currency for daily needs, particularly in a context of ongoing inflation and low state salaries.