Dollar and Euro Dip in Cuba’s Informal Market on October 6

The informal currency market in Cuba saw minor declines for both the U.S. dollar and the euro early on Tuesday, October 6, 2026. The dollar was trading at 770 Cuban pesos (CUP), down three pesos from the previous session but still up 3% over the past week. The euro, meanwhile, slipped five pesos to 870 CUP, though it remains the most expensive currency in Cuba's parallel market, outperforming the dollar by about 100 pesos.

The MLC, a digital currency used in state-run stores, showed an indicative value of 593 CUP, up 5.5% from the previous day. However, its limited trading volume makes this figure more cautionary than definitive. The MLC's use is restricted to specific stores, limiting its circulation compared to cash currencies like the dollar or euro.

The gap between official and informal exchange rates persists, with the Central Bank of Cuba setting rates significantly lower than those in the informal market. The official rate for the dollar is 695 CUP, while the euro is pegged at 783 CUP, both far below the parallel market rates. This discrepancy highlights the disconnect between government-set rates and actual market demand.

The data for these rates is compiled through automated analysis of currency trading posts on Telegram and Facebook groups, excluding atypical offers and spam messages to ensure accuracy. Despite recent adjustments, the official rates have not closed the gap with the parallel market, leaving the informal market as the primary reference for real currency values in Cuba.