Triple record for currencies in Cuba: Euro, dollar and MLC rise in price

Dollar, euro and Freely Convertible Currency (MLC), the three reference currencies in the Cuban informal currency market, woke up this Thursday with new record sales figures, which confirms the magnitude of the economic disaster on the island and the unstoppable abyss in that the Cuban peso remains submerged.

The euro registers a spectacular rise and stands at 314.50 CUP, four pesos and 50 cents more than the previous day.

This is a sudden increase that has not been experienced suddenly by any of the currencies in recent months and that has raised the alarm of an "unstable market" for the European currency in the last few hours.

The dollar, for its part, dawns at 307 pesos per unit, which represents an increase of two pesos in relation to its previous price.

It also increases, in his case a peso,the average sale of the MLC, which reaches 263 CUP, as revealed by the daily rate of the independent mediaelToque, which records the oscillations in the informal price of currencies in the country.

Since February 5, there has not been a simultaneous increase in the three reference currencies in the Cuban informal market, which since the beginning of the year has been shaken by the growing economic instability and the lack of direction in the alleged measures to amend the crisis.

The median of values registered in the last 24 hours marks purchase offers for the US currency 305 pesos in the purchase andof 309 in the sale, the latter data that could anticipate a probable increase in value in the coming hours.

The MLC also marks a possible increase, whose average is 260 pesos for purchases and 265 CUP for sales.

The average euro is 310 pesos when buying and 315 when selling.

How high will the euro, the dollar and the MLC rise in Cuba? Well, that's what many are wondering.

Andanalysis on the movement of currencies in the informal market published byelToque A few weeks ago, the announcement of the failed price increases for fuel and a context of high uncertainty and economic instability, without concrete government projections, have led "to the persistence of the conditions that drive the demand for foreign currency and the supply to remain "restricted."

The reference rate ofelToque It is prepared after the analysis of the purchase and sale advertisements of the three reference currencies published on social networks and classified websites. From this result, a price is established that is used to know the values of the main currencies that circulate in the country.

However, you must keep in mind that the representative rate is formed from purchase or sale announcements, that is, They are not concrete operations, but rather they express the desire of the actors who participate in that market.Hence, the figures shared should be taken as a reference only.