The dollar and euro exchange rate set a record in the informal market in Cuba this Friday with an increase of more than two pesos in each case.
The value of euro is on a rising streak in Cuba. This Friday the data indicates that it is sold in the irregular market at 377 CUP, two Cuban pesos more than the previous day.
He American dollar (USD) this April 26 is marketed at 370 CUP, five pesos more than the previous day. The value of this currency has been rising for several days and activated an alert of instability in the informal exchange market.
While the Cuban peso is devalued every day in Cuba, the Freely Convertible Currency (MLC) remains at 290 CUP and is gradually losing the interest of the island's residents.
Exchange rate today 04/26/2024 - 6:48am in Cuba:
Exchange rate from USD to CUP according to elTOQUE: 370 CUP
Euro exchange rate EUR to CUP according to elTOQUE: 377 CUP
Exchange rate from MLC to CUP according to elTOQUE: 290 CUP
Alternative exchange rate from other platforms:
Dollar (USD) exchange rate: Buy 367 CUP, Sell 368 CUP
Euro (EUR) exchange rate: Buy 376 CUP, Sell 376 CUP
MLC exchange rate: Buy 289 CUP, Sell 291 CUP
The devaluation of the Cuban peso It intensifies in a context of growing inflation, directly affecting the purchasing power of the population.
In Cuba, essential services and products such as food and fuel are sold in foreign currency. This limits access to these basic resources for millions of workers.
The constant fluctuation in exchange rates in the informal market reflects persistent economic uncertainty, exacerbated by ineffective government policies that have failed to alleviate the economic crisis of the past three years.
This situation has deepened the poverty in Cuba, leaving citizens increasingly vulnerable to a system that does not respond to their basic needs.
What do you think?
COMMENTFiled in:
