The structural economic crisis affecting Cuba has forced its government to re-dollarize the sale of food and essential goods, as Fidel Castro did in 1993 and 1994.
In 2004, the Cuban government introduced the use of the CUC and taxed the dollar with a 10% tax, which has now been repealed in the economic package of July 20, 2020, which includes the opening of 72 stores for sales in freely convertible currencies (MLC) with magnetic cards as the only means of payment.
The additional items from the basic basket are being sold by the authorities at market prices.
Second day of "miraculous standstill" in Cuba's informal currency market.
- CiberCuba's writing
Informal currency market in Cuba in a "miraculous stalemate".
- CiberCuba's editorial team
Second day without movements in Cuba's informal currency market
- Writing for CiberCuba
The decline of the euro strengthens in the informal market in Cuba.
- CiberCuba's Editorial Team
The Cuban government triples the price of tractors sold to farmers in Pinar del Río.
- CiberCuba's editorial team
Another day of a drop in the price of dollars and euros in the informal market in Cuba.
- CiberCuba's editorial team
Informal currency market in Cuba: Dollar decline accelerates in the last few hours.
- CiberCuba Editorial Team
A pause in the accelerated race of currencies in Cuba.
- CiberCuba's Editorial Team
The drop in foreign currency in Cuba is slowing down.
- CiberCuba Editing
Historic drop: Implacable decline of dollars, euros, and MLC continues in Cuba.
- CiberCuba's editorial team.
Another 17 gas stations open in Cuba for sales in dollars.
- CiberCuba Editing
The euro and the dollar drop at record speed in Cuba in the last hours.
- CiberCuba's editorial team
In groups of five: Freefall in currency prices in Cuba confirmed
- CiberCuba's editorial staff
El Toque comments on the devaluation of currencies in Cuba.
- CiberCuba Editorial
The dollar plummets in Cuba: It has been falling for seven consecutive days.
- CiberCuba's editorial team