Without brakes: The dollar sets a new record in the informal sale of currency in Cuba

The dollar reached a new record sales figure in the informal market in Cuba this Tuesday, as revealed by the daily rate of the independent media elToque, which records the price of currencies on the island.

The average sale of the US currency rose to 275 pesos CUP in the last few hours, one peso more than the day before. It is the first time that it has reached that price since the aforementioned media informs about the oscillation of the price of currencies on the street.

The euro and the freely convertible currency (MLC), for their part, remain unchanged this Tuesday.

The European currency is sold at 280 CUP and the MLC at 250.

The median of the purchase and sale values registered in the last 24 hours marks purchase and sale offers for the euro at 280 pesos.

In the case of the dollar, the median is 270 CUP when buying and 275 when selling.

The MLC registers acquisition offers at 245 CUP and 250 pesos for sale.

The return of the dollar, the euro and the MLC to their previous values was uncertain after the beginning of the Cuban government's Crusade against the informal sale and purchase of these currencies. However, for now they seem to have overcome the temporary drop in their values in the informal market.

The fall experienced by the three reference currencies began on December 22, just two days after the Cuban Prime Minister, Manuel Marrero Cruz, would announce that Starting this month of January, the official dollar rate in Cuba would be changed, although it did not specify what the new value would be nor the exact date on which it will come into force.

Days later, he was the Minister of Economy in Cuba, Alejandro Gil, who assured that They will intervene in the informal currency market, which they described as "distortion."

For several months the Cuban regime has been trying to blame elToque of promoting a high exchange rate that - in the government's opinion - harms the Cuban economy and triggers inflation on the island.

The reference rate of elToque It is prepared after analyzing the purchase and sale advertisements 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.