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Cuban Peso Hits a Record Low Against the US Dollar in Informal Markets
The peso's value fell from 400 last summer to 500 per dollar amid U.S. sanctions and fuel shortages that have worsened Cuba's economic crisis, experts say.
- On Wednesday, El Toque, independent news website, reported the Cuban peso hit 500 per U.S. dollar in informal channels, an all-time low.
- Recently, the peso dropped to 500 per dollar after a January 3, 2026 operation and U.S. policy that prompted Mexico to curb fuel shipments, according to El Toque.
- Average wages and basic prices show the average state salary is around 7,000 Cuban pesos—about $14 on the informal market—while a carton of eggs costs 3,000 Cuban pesos.
- Cuba announced it no longer had enough oil to refuel airplanes, prompting flight cancellations and tourism losses, while public transport in Havana and banks cut services, and blackouts grew longer.
- Comparisons to last summer show the peso was around 438 on the day of the operation, reflecting a deepening crisis amid decades of U.S. sanctions and increasing dollarization.
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Cuban peso hits a record low against the US dollar in informal markets
The Cuban peso has sunk to a record low against the U.S. dollar in the informal market, as tighter U.S. pressure on oil supplies deepens Cuba’s economic crisis.
·United States
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The Cuban peso marked a historic minimum in the informal market this Tuesday by depreciating up to 500 units per US dollar.
Coverage Details
Total News Sources12
Leaning Left4Leaning Right2Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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