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 and the unstoppable abyss in which the Cuban peso continues to sink.
The euro climbs to 297 CUP, two pesos more than the previous day and is dangerously close to 300 CUP.
Only five pesos away from the European currency is the US dollar, which rises to 295 pesos.
The average sale of the MLC, which reaches 258 CUP, three pesos more than the previous day, as revealed by the daily rate of the independent media elToque, which records the oscillations in the informal price of currencies in the country.
"Save the bullets, we're going for 500", an Internet user reacted on Twitter to the announcement of another day of increases for the reference currencies.
The median of values registered in the last 24 hours marks purchase offers for the dollar at 292 CUP and sales at 295.
The euro, for its part, registers an average of 297 pesos in both purchase and sale.
In the case of the MLC, the median is 255 in the acquisition and 260 in the sale, The latter data could be predicting that the MLC will close the gap with the other two currencies in the coming hours.
The new record sales figures in the informal market of the euro and the dollar take place in the midst of a critical economic context, marked by the recent dismissal of Alejandro Gil as minister of economy.
Previously, the government had announced the delay in fuel price hike after an alleged cyberattack on the CIMEX marketing system.
That decision was preceded, in turn, by the announcement that the government prepares to the intervention of the informal foreign exchange market in February. The statement generated expectations among Cubans residing inside and outside the country, who doubt whether the regime has the capacity to effectively stop the informal exchange system.
At the end of December, just two days after the Cuban Prime Minister Manuel Marrero Cruz would announce that the official dollar rate in Cuba would be changed At the beginning of 2024, the price of the three reference currencies in the informal market suffered a momentary drop in their purchase and sale values.
Nevertheless, In a period of just a few days, the three reference currencies not only recovered their previous values, but have also maintained a sustained rise to record prices.
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 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.
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