Cuba Informal Market Pushes Peso to 785 per Dollar as Euro Hits 885
Cuba informal market closed Saturday 3 October at 785 per US dollar and 885 per euro, far above the official 695. What it means for visitors. The post Cuba Informal Market Pushes Peso to 785 per Dollar as Euro Hits 885 appeared first on The Rio Times .
The Cuba informal market pushed the peso to trade at 785 per US dollar and 885 per euro on Saturday, October 3rd. This marks the highest levels in a month according to CiberCuba's daily index. The peso depreciated from 780 per dollar on Friday. CiberCuba gathers its data from thousands of posts in Telegram and Facebook groups offering to buy or sell currency.
The dollar rose 6.4% over seven days and the euro 5.4% during the same period. The peso now sits about 15% above its lowest point over 30 days. The index also shows the MLC, a dollar-linked balance held on Cuban bank cards, fell to 460 from 486. An independent Cuban news site, elTOQUE, reported a slightly lower rate of 775 pesos per dollar and 870 per euro.
Since December 18th, 2025, a fixed rate of 24 pesos per dollar applies to state budget allocations and selected state firms earning foreign currency. Individuals and private businesses use a floating rate for currency exchange, which currently stands at 695 per dollar and 783 per euro. Visitors to Cuba benefit from a better exchange rate in the informal market compared to the official rate, although the private prices tend to rise with the street rate.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
