The dollar remains stable in the Cuban informal market, while the economy continues to experience stagflation, marked by high inflation, unemployment, and no signs of economic improvement.
By CiberCuba Editorial Team
Saturday, May 10, 2025 – 11:25
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The price of the United States dollar (USD) in the informal currency market in Cuba remained stable throughout this week, , according to the rate published this Saturday, May 10, 2025, at 08:00 hours.
The stability of the dollar reflects a trend of restraint in the increase of demand within the informal circuit, following weeks of constant rises that characterized the exchange rate behavior during the first quarter of the year.
Informal exchange rate in Cuba Saturday, May 10, 2025 – 10:00
The evolution graph from the last month shows a gradual rise from 360 CUP at the beginning of April to reach the current 370 at the beginning of May, where it has remained since then.
For its part, the euro (EUR) is quoted at 385 CUP, maintaining a gap of 15 pesos above the dollar, while the Freely Convertible Currency (MLC) registers a value of 265 CUP. This data continues to confirm the euro as the strongest currency in informal trading.
The stable behavior of the dollar should not be interpreted as a sign of economic recovery, but rather as a reflection of a broader context marked by stagflation: an economic phenomenon in which stagnant production, high inflation, and unemployment coexist.
In the Cuban case, the lack of economic growth, the deterioration of purchasing power, and the ongoing devaluation of the peso create a typical scenario of stagflation.
Although the exchange rate has stabilized in recent days, prices in the domestic market continue to rise, and the real economy shows no signs of recovery. The demand for foreign currency may be restrained not by confidence in the national currency, but by a reduced availability of cash among the population or a drop in remittances, both of which are also symptoms of a stagflationary environment.
With an eye on the coming days, economic actors and citizens will remain vigilant for any signs of change in an environment marked by volatility and informality as the only means of accessing foreign currency.
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A team of journalists committed to reporting on Cuban current affairs and topics of global interest. At CiberCuba, we work to deliver truthful news and critical analysis.
A team of journalists committed to reporting on Cuban current affairs and topics of global interest. At CiberCuba, we work to deliver truthful news and critical analysis.
Another week of stability for the dollar in the informal currency market in Cuba – CiberCuba
