The Freely Convertible Currency (MLC) was the first to respond in the informal market with a price drop, following the massive blackout that left Cubans for several days in an unprecedented situation due to the national collapse of the electrical system.
At dawn this Wednesday, the MLC – the virtual currency used by the government in specially created stores – had fallen to 262.5 CUP.
The figure represents 2.5 pesos less than the value it held since October 9, when it had dropped suddenly by five pesos.
In the case of the dollar and the euro, on October 23 both currencies remain valued at the same levels they have had for days: 325 for the dollar and 340 for the European currency.
“Without electricity, you can’t buy even a can of sardines. A feat of the MLC!” stated an internet user on Facebook a few hours ago, highlighting a clear reality of the freely convertible currency, completely tied to the virtual universe given its non-existence in physical form.
If you only have MLC, in the event of a power outage, you cannot find someone to sell you a can or any other food on the street in case of extreme need.
In practice, “if you don’t have cash, you don’t exist,” someone stated.
Exchange rate today 10/23/2024 – 7:15 a.m. in Cuba:
Exchange rate of the Dollar USD to CUP according to elTOQUE: 325 CUP.
Exchange rate of the Euro EUR to CUP according to elTOQUE: 340 CUP.
Exchange rate of MLC to CUP according to the TOQUE: 262.5 CUP.
Equivalences of each available euro and US dollar bill to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this October 23:
1 USD = 325 CUP.
5 USD = 1,625 CUP.
10 USD = 3,250 CUP.
20 USD = 6,500 CUP.
50 USD = 16,250 CUP.
100 USD = 32,500 CUP.
Euro (EUR):
1 EUR = 340 CUP.
5 EUR = 1,700 CUP.
10 EUR = 3,400 CUP.
20 EUR = 6,800 CUP.
50 EUR = 17,000 CUP.
100 EUR = 34,000 CUP.
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