This last day of April, Tuesday the 30th, the informal currency exchange market in Cuba dawned with a new record for the euro currency of the European zone and the Freely Convertible Currency (MLC). Details below.
Like every morning, we bring you a summary of the situation in the Cuban informal market, where the price of the US dollar, the euro and the MLC continue to reach historical highs day after day. We share the informal exchange rates, according to the daily analysis of the independent media El Toque.
The beginning of this week has brought with it a new blow to the Cuban economy: the price of the dollar and the euro on the black market have exceeded all the figures recorded to date. Cubans are increasingly pressured by the constant escalation of prices, which directly affects their purchasing power. The euro this Tuesday achieved a price record and the trend continues upwards.
This new record in the price of currencies reflects the deep economic crisis that Cuba is going through. The shortage of basic products, the US embargo and the terrible economic reforms implemented by the government have generated a complex scenario for citizens, who face daily the difficulty of accessing essential goods and services.
Price of currencies in Cuba today: official and informal
There are still no clear signs that the upward trend in the price of the dollar and the euro will be reversed. In fact, some experts predict that the situation could worsen in the coming months and that the price of hard currencies in Cuba, such as the dollar and the euro, will go above 400 pesos in the coming weeks of May.
According to the media El Toque, this April 30, the euro woke up with an average buying and selling price of 385 Cuban pesos, the dollar is at 375 Cuban pesos and the MLC at 293 Cuban pesos.
While in the Central Bank of Cuba (BCC) the dollar remains at 120 Cuban pesos, the exchange and the euro at only 128 pesos. Hence, no one is going to exchange currency in the state’s financial institutions.
