Dollar Stable, Euro Falls in Cuba's Informal Market

This Friday, August 21st, marked a mixed day in Cuba's informal currency market. The US dollar remained stable at 663 Cuban pesos (CUP), unchanged from the previous session and solidifying a week of notable stability. In contrast, the euro experienced its latest decline, trading at 748 CUP, down 2 pesos compared to yesterday.

The dollar has been holding steady for a week, with only a minimal difference in its weekly trend: seven days ago it was at 664 CUP. The monthly balance shows a drop of 8.5 pesos from 671 CUP thirty days ago, although this comparison may reflect methodological adjustments to the index.

The euro's downward trend continued throughout the week, with a week ago trading at 760 pesos, which is 12 pesos higher than today's level. The monthly decline reaches 29.5 pesos from 778 CUP thirty days ago, and its lowest point in the last thirty days was 748 CUP.

The MLC, or digital currency, was quoted around 450 CUP, but this value should be considered indicative due to the low volume of transactions recorded during this time frame. Its use is limited to state-owned businesses that accept it, restricting its circulation compared to cash currencies.