The Freely Convertible Currency (MLC) increased its price in Cuba today, in the informal currency market. This February 19, according to the daily study of the independent media El Toque, the MLC rose and the euro and the US dollar remain above 300 Cuban pesos.
According to the aforementioned report, the Freely Convertible Currency (MLC), a digital currency that circulates in Cuba’s informal market, increased its sales price today compared to the previous day. According to data collected in “the streets” and “networks” of the island, the MLC is sold today for $261.00 CUP, which represents a significant increase in the last 24 hours.
On the other hand, the euro and the US dollar (USD) remain stable compared to the previous day. The common currency of the European Union is exchanged today in Cuba at $310.00 CUP, while the USD can be purchased this Wednesday at $305.00 CUP.
With just a few days left until the end of February, the new exchange rates that will come into force in Cuba soon, announced by the government to balance the informal market, have not yet been announced. Meanwhile, the price of currencies on the black market continues to rise.
Currency in Cuba today, according to the Central Bank (BCC)
The dollar is increasingly the benchmark for retail prices in the country. The variation in its value directly influences the products sold in all Cuban provinces.
How are the currencies in Cuba today according to the Central Bank? According to the official website, the euro in the European zone continues to be purchased in Cuban banks at 129 pesos, the American dollar is at 120 pesos, the pound sterling at 151 pesos, the Canadian dollar at 89 Cuban pesos and the Mexican peso is exchanged today at just over seven pesos, according to this source.