Currency exchange market: How does the dollar rise after the protests in Cuba?

After two days ofprotests in Cuba, many people wonderhow the dollar dawned on the island. The currency exchange outlook in the country comes with moderate news.

The American dollar, the euro and the Freely Convertible Currency (MLC) maintained their value in the informal market this Tuesday, according to reports fromThe touch.

After experiencing considerable variations recently, this March 19 there is some stability in the price of currencies on the island.

The US dollar remains stuck at 325 Cuban pesos, maintaining the same value as the previous day. Similar is the case of the euro, which is currently quoted at 330 pesos, and the MLC, which is still positioned at 272 pesos.

The consistent demand for foreign currency in Cuba is driven by the need to access essential products that are generally not available for purchase in Cuban pesos.

Thus, the exchange market operates under constant pressure, a reflection of the economic complexities that the population in the Caribbean country is going through.

The current stability of the dollar and other currencies only provides a brief respite from the economic, political and social challenges that are worsening in the country.

The depreciation of the Cuban peso, along with inflation and shortages of basic goods, continues to undermine the purchasing power of citizens in Cuba.