For the second consecutive day, the European currency rises in price in informal sales in Cuba and reaches 360 pesos.
After a truce of just 24 hours, which occurred on Saturday, in which none of the three reference currencies rose in the Cuban informal market, Sunday and Monday The euro has had two days of increases.
In the case of the dollar, this April 15 there is no change and maintains its average sale price at 350 CUP, reached on Friday.
The Freely Convertible Currency (MLC), for its part, also maintains its informal price at 285 CUP.
Exchange rate today 04/15/2024 -8:01 am in Cuba:
Dollar exchange rate USD to CUP according to elTOQUE: 350 CUP
Euro exchange rate EUR to CUP according to elTOQUE: 360 CUP
MLC to CUP exchange rate according to elTOQUE: 285 CUP
The price of foreign currency has not let up in Cuba for weeks, as revealed by the daily rate of elToque, which records the oscillations in the informal price of currencies in the country.
Days, weeks and months pass and the informal price of foreign currency does not stop in Cuba. Cubans' salaries are going down and the national currency is sinking into the abyss of devaluation.
Meanwhile, beyond public recognition of the situation, the Cuban government continues without contributing concrete proposals to determine an official exchange rate that eradicates the informal currency market in the country.
During the last year year The Cuban peso has experienced a historic devaluation, which has mortally wounded the purchasing power of the Cuban population and has had a radical impact on both salaries and savings.
The exchange rate instability in Cuba highlights the acute economic crisis that the country is going through, accentuated by the lack of effective policies that mitigate the fall into the abyss of the national currency.
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.
However, it must be taken into account that the representative rate is formed from purchase or sale announcements, that is, They are not concrete operations, but rather they express the desire of the actors who participate in that market. Hence, the figures shared should be taken as a reference only.
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