After five consecutive days of falls, the reference currencies in Cuba wake up once again with no changes in their exchange rates.
If the balance is not altered throughout Monday, dollars, euros, and freely convertible currency (MLC) maintain the same values recorded the previous day.
Today would be the second consecutive day in which the reference currencies of the Cuban informal market do not experience changes in their prices, opening up the possibility of a relative stabilization in the midst of the streak of dramatic ups and downs recorded since the beginning of May.
At eight in the morning on June 17, the European currency maintains its exchange rate at 360 Cuban pesos (CUP).
On the other hand, the dollar remains stable at 350 CUP, while the MLC continues to be quoted at 300 pesos.
The last two times in recent weeks that the three currencies have taken a pause, it has been to change the course of their evolution, either to go up or down.
This is how it happened on June 4th and then on the 10th. The first halt served as a prelude to new increases, and the second, the one on Monday of this same week, as a pause to new declines.
That decline that began on June 10 arrived last week after five days of dizzying increases during which euros, dollars, and MLC almost recovered values prior to the drop in May.
In any case, the volatility of the Cuban informal market repeatedly confirms the drift of the Cuban economy and the government's incapacity for "continuity" to implement an effective monetary policy that establishes a stable official exchange rate for a population whose basic needs find partial relief in foreign currency stores.
Exchange rate today 17/06/2024 - 8:40am in Cuba:
- Dollar exchange rateUSD to CUPaccording totheTOUCHTranslate the following text to English:350 CUP
- Euro exchange rateEUR to CUPaccording totheTOUCHTranslate the following text to English:360 CUP
- Exchange rate ofMLC to CUPaccording totheTOQUETranslate the following text to English:300 CUP
The unofficial exchange rate for Cuba offered here is not officially recognized or supported by any financial or governmental entity.
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