Regime insists: Inflation in Cuba is induced by the CIA and independent media

The Cuban regime insists thatuncontrolled inflation that is ravaging the country has not been caused by its shock economic policies, but is induced by the CIA in collaboration with independent press media.

“What do you know about the Induced Inflation Operation carried out by the CIA and carried out byThe touch? Inflation in Cuba is being generated, induced, with criminal manipulation of the exchange rate,” denounced the official space of theCuban Television Reasons for Cuba.

In a publication of hissocial networks, the program hosted by the presenterHumberto Lopez He again blamed the independent mediaThe touch of causing unreal inflation thanks to its daily publication ofthe exchange rate that is handled in the informal currency market in Cuba.

According to the program that serves as a media platform for theCounterintelligence of the Cuban regime, this strategy of “inducing” inflation has already been tested by theUS Central Intelligence Agency (CIA) in countries such as Nicaragua (1998), Zimbabwe (2008), Argentina (BLUE Dollar), Venezuela (TODAY Dollar) and finally in Cuba, through the aforementioned medium.

The objectives of this maneuver would be to “attack the currency, not only to generate hyperinflation, but to contract production”; “alter the distribution of goods, take them to informal markets and sell them at a premium”; and “attack the economic measures of the Cuban government.”

Unable to set an official exchange rate and put a sufficient amount of dollars for sale through theExchange Houses (CADECA), the Cuban regime continues to agitatehis propaganda message that the Cuban economy does not emerge from the crisis because, not of its policies, but of the CIA strategy that, throughThe touch, induces unreal inflation.

If Cubans buy foreign currency at the informal market price, it is because the CIA and the independent press have succeeded with their cunning to deceive them, not because the shortage of supply of dollars in the face of growing demand drives up their price.

According toThe touch, the representative rate of the informal currency market in Cuba (TRMI) is calculated from the median of the numbers written in advertisements for the purchase and sale of currency in social media groups and classified sites. As clarified by the media, these are “reference values” obtained through the comparison of messages from the last 24 hours before the closing date of the information, with the values from the previous day.

In January 2022, the regimeblamed the independent media for the free fall of the peso against the dollar. An article published inGranma, the official organ of the Communist Party, called on readers not to believe in "those media that claim to know what the exchange rate of the dollar, the euro, or the MLC is on the street."

“Are these gentlemen hackers capable of spying on Cubans' phones? Will they be fortune tellers or telepaths? "Did they buy a crystal ball...?" questioned the author of the text, trying to sow doubts about the credibility of publications not controlled by the government.

For his part, the now defenestrated Minister of Economy and Planning,Alejandro Gil Fernandez, recommended the article on his Twitter account, for being a "topic of permanent attention", while objecting to the information from the independent press because "they do not take into account the real situation" of the country.

“Have you ever wondered who finances those sites that supposedly inform you about how the MLC is doing today? Do you believe in the goodness of those who block us and prevent, from their territory, a father from sending remittances to his children, or a child from his mother?” Granma questioned.

For the dates on which theCommunist Party of Cuba (PCC) published this,The US dollar was quoted in the informal market at 100 Cuban pesos (CUP).

A year and a half later, in August 2023,Granma returned to the fray and accused the United States of "cook up a strategy to strangle the economy of the Cuban family". By then, the price of the US currency fell and was sold on average at 225 CUP.

six months laterand with the dollar trading at 317 CUP (and rising), the official press returns to the service of the regime to blame inflation on operations of the CIA and theindependent press, without any blush.

A "normal" government can influence the value of its currency by buying or selling it in the foreign exchange market, the CEO ofCyberCuba, Luis Flores. That government could simply offer dollars and euros at the value it considered acceptable for the national economy, and the rest of the market would have to adjust to those prices, he indicated.

“But this implies that it is a solvent government, with foreign currency reserves and with people who know economics in key positions. And we all know that the Cuban government is not solvent,” he added.

“We also know that those who govern us are a bunch of inept people, that the only thing they can think of, to control or justify the rampant inflation that we have in Cuba, is to order stupid articles to be made in the official press and in second-rate blogs. ”.