Step by step currencies maintain their progressive ascent in the informal market of Cuba.
The dollar, which a week ago was quoted at 365 pesos (CUP), already on the morning of this Friday had risen Up to 370 cupaccording to the independent environment The touch.
At that value it came After small promotions in recent dayswho confirm his Red trend on the islandat a time when the country is going through a prolonged economic crisis while the government insists on dollarization as a formula to try to build the lack of foreign exchange.
Also this week The euro increased its value to 385 cupalthough in the most recent days it has not had movements, according to the publication, whose rate – explains the medium itself – is calculated from the purchase and sale offers on digital platforms.
Both values, that of the dollar and that of the euro, are the highest exhibited by both currencies this year in the Cuban informal market and also in the second semester of 2024.
To find quotes like those they show now It would be necessary to go back in the middle of last yearat a time when the currencies experienced sudden fluctuations that led them to border the 400 CUP and also fall below 300 CUP.
Although Without the abrupt climbs of other momentsthe current trend of the dollar and the euro is in the informal market confirms a change of scenario regarding the experienced months agowhen both currencies were most stable beyond some fluctuations that led them even to match their value at times.
For its part, The MLC remains in 265 cupafter experiencing variations around that value last week. In this way, it has stopped its tendency to descent and remains 15 pesos distant from its lowest price in 2025 (240 CUP).
To general features, the behavior of currencies coincides with the expert forecasts. However, these have warned that their evolution could be subject to the possible announcement of economic measures by the Cuban governmentand also to modifications that may appear in the Trump administration policy towards Cuba.
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