With the European currency taking a momentary respite, the US dollar (USD) and the Freely Convertible Currency (MLC)They saw their price rise this Saturday in Cuba.
Barely one peso more than the day before, the dollar is quoted in the informal foreign exchange market at315 Cuban pesos (CUP), while the MLC advanced two units and reached a price of 270 CUP.
With the dollar through the roof, the minimum wage of Cuban workers afterthe failed "economic and monetary order" (2,100 CUP), as well as that of pensioners and all those who do not have income in dollars, is buried even further,leaving millions of Cubans below the extreme poverty line.
A Cuban whose only income comes from receiving the minimum wage,will be earning this Saturday the equivalent of 6.66 USD.
With such a monthly salary,and the price of pork reaching prices in Havana of up to 680 pesos per pound -according to the price monitoring offered in January by the National Office of Statistics and Information itself (GOOD)-, the remuneration he receives per month is not enough for that Cuban to even buy two kilos of pork.
Dollar, euro and Freely Convertible Currency (MLC), the three reference currencies,woke up this Friday 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 increase in the value of the three currencies took place just a few hours after the announcement of the entry into force (on March 1) of the new prices for fuel, which will be sold in dollars, as well as the new electricity rate for high consumers.
While the euro rose two points, reaching the threshold of 320 CUP (which it still maintains this Saturday), the dollar jumped four points and stood at 314 CUP. The MLC, for its part, rose two points in its price and remained at 268 CUP.
An analysis of the movement of currencies in the informal market published byElTOQUE A few weeks ago, he indicated that the announcement of price increases for fuel and a context of high uncertainty and economic instability, without specific government projections, had led "to the persistence of the conditions that drive the demand for foreign currency and that the supply keep 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.
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