The structural economic crisis that Cuba is experiencing has forced its government to reintroduce the dollar in the sale of food and basic necessities, as Fidel Castro did in 1993 and 1994.
In 2004, the Cuban government introduced the use of the CUC and imposed a 10% tax on the dollar, which it has now repealed in the economic package of July 20, 2020. This package includes the opening of 72 stores for sales in freely convertible currencies (MLC), with magnetic cards as the only form of payment.
The additional quotas of the basic basket are being sold by the authorities at market prices.
The freely convertible currency takes a step back in informal trading in Cuba.
- CiberCuba Editorial Team
The value of the Freely Convertible Currency is rising in the Cuban informal market.
- CiberCuba Editorial Team
Currency behavior in Cuba today
- CiberCuba Editorial Team
Currency exchange in Cuba: What are the current rates for dollars, euros, and MLC today?
- CiberCuba Editorial Team
The value of the dollar has risen in the informal market in Cuba.
- CiberCuba Editorial Team
This is the state of currency exchange in Cuba today.
- CiberCuba Editorial Team
The price of the dollar and the euro has risen in the Cuban black market.
- CiberCuba Editorial Team
The euro takes a step back in the Cuban informal market.
- CiberCuba Editorial Staff
Euro price rises in the Cuban black market.
- CiberCuba Editorial Team
The exchange rates for the dollar, euro, and MLC in Cuba today, October 27.
- CiberCuba Editorial Team
Drop in MLC price in the Cuban informal market after energy collapse.
- CiberCuba Newsroom
This is the current state of the informal currency exchange in Cuba today.
- CiberCuba Editorial Team
Currency remains stable following the collapse of the electrical system in Cuba.
- CiberCuba editorial team
Average selling value of foreign currencies in the Cuban informal market over the last 24 hours.
- CiberCuba Editorial Team
Exchange rates for euros, dollars, and MLC in the informal market in Cuba for today.
- CiberCuba Editorial Team
This is the state of the informal currency exchange in Cuba today.
- CiberCuba Editorial Team
Exchange rates for dollars, euros, and MLC in the black market for today.
- CiberCuba Editorial Team
A day of increase for the dollar in the Cuban informal market.
- CiberCuba Editorial Team
The dollar takes a step back in the Cuban informal market.
- CiberCuba Editorial Team
The dollar rises in the informal Cuban market this morning.
- CiberCuba Editorial Team
Dollar and other currency exchange rates for today in Cuba.
- CiberCuba Editorial Team
What is the price of dollars, euros, and MLC in Cuba on the last day of September?
- CiberCuba Editorial Team
What is happening with foreign currencies in the Cuban informal market?
- CiberCuba Editorial Team