Dollar, euro and Freely Convertible Currency (MLC), the three reference currencies in the Cuban informal currency market, woke up this Tuesday 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 continues to suffer.
The dollar registers the greatest rise and stands at 338 CUP, three pesos more than Monday and only four units of the European currency.
The euro dawns today at 342 pesos per unit, which represents an increase of two pesos in relation to its previous price.
It also goes up two pesos the average sale of the MLC, which reaches 280 CUP, as revealed by the daily rate of the independent media elToque, which records the oscillations in the informal price of currencies in the country.
Although it is not usual for the three currencies to rise in price at the same time in the informal market, it is the second time that it has happened in less than a week, since last Saturday, March 30, the dollar, the euro and the MLC They established the prices prior to this Tuesday's increase.
Over the course of a year, The Cuban peso has experienced a historic devaluation, which has dramatically eroded the purchasing power of the Cuban population and It has had a radical impact on both salaries and savings.
The exchange rate instability in Cuba highlights the acute economic crisis that the country is going through, accentuated by the lack of effective policies that mitigate the fall of the national currency. They are obvious symptoms of the profound flaws of the centralized and planned economic model imposed by the Cuban regime.
The lack of effective measures to stabilize the economy and improve the standard of living of citizens reflects not only an economic crisis, but also a leadership crisis, where ideological dogmas are prioritized over the well-being and prosperity of the Cuban people.
Median purchase and sale values of the reference currencies
Regarding the behavior of the median values, in the last 24 hours elToque marks stability in the average purchase and sale values of the euro (340 CUP) and the MLC (275).
The dollar, however, is being bought on average at 330 and It is selling at 333, which could be an indication that the US currency could rise in price even more in the coming hours.
In the case of the minimum and maximum values recorded in the last hours, the euro is between 335 and 350 CUP.
In the case of the dollar the oscillation is between 296 and 380.
It is notable that in the comparison of maximum values recorded in the last hours, The US currency has surpassed the euro by 30 pesos.
The reference rate of elToque 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, it must be taken into account 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.
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