That's old news. The state mandated rate is around 120 CUP per USD (with a little spread when buying/selling, and for other market fluctuations.) But almost no one uses that mechanism, as the state is profoundly insolvent.

The black market, or unofficial, rate is what everyone thinks about[2].

[1]: http://www.cubadebate.cu/especiales/2022/08/29/apuntes-sobre... [2]: https://eltoque.com/tasas-de-cambio-de-moneda-en-cuba-hoy

Apparently that exchange rate isn't real.

https://www.reuters.com/markets/us/cuba-more-than-quadruples...