Cuba's Peso Continues to Drop Against Dollar and Euro in Informal Market

The informal currency market in Cuba is seeing another rise in the value of the US dollar and the Euro. This trend continues to put pressure on the Cuban peso.

On Saturday, September 26, 2026, the US dollar reached 732 Cuban pesos (CUP), an increase of 7 pesos from the previous day. The Euro also climbed, hitting 840 CUP, up from 835 CUP the day before.

📄 Where and When

These fluctuations are happening in Cuba's informal currency market. The figures were updated on Saturday, September 26, 2026, by elTOQUE, a source that tracks these unofficial exchange rates.

The main players involved are individuals buying and selling foreign currency outside official channels, reflecting the daily economic realities faced by many Cubans.

📄 Why It Matters

The drop in the peso's value directly impacts the cost of goods and services in Cuba. When foreign currencies get stronger, items linked to imports become more expensive.

This is especially critical for private businesses that often use foreign currencies as a benchmark for their prices. For those earning salaries in Cuban pesos, their purchasing power diminishes as internal prices rise along with the peso's depreciation.

📄 What Parties Say

The provided text does not include direct statements from specific parties like the government or businesses. However, the data from elTOQUE, which monitors informal offers, indicates a consistent trend of depreciation for the Cuban peso.

The market itself, through the daily exchange rates, speaks volumes about the economic pressures and the demand for foreign currency.

📄 What Comes Next

Given the ongoing trend, it's likely that the Cuban peso will continue to face pressure in the informal market. Cubans will be watching closely to see if these currency values stabilize or continue their upward trajectory.

The situation highlights the persistent challenges in Cuba's economy and the constant search for economic stability by its citizens.