After days of stability, even in some moments of decline, this Tuesday, April 2, the price of the dollar, euro and Freely Convertible Currency (MLC) rose in Cuba today. More details below.
Cuba wakes up with a new historical high for the US currency in the informal market, also known as the black market. The price has increased three points on average compared to the previous day, consolidating an upward trend that has intensified in recent weeks.
Not left behind were the euro in the European zone, which also rose two points, and the MLC, which also rose two notches compared to yesterday. Below, we present a summary of the current situation of hard currencies in Cuba, both in the official and informal currency markets.
According to the daily study of the media El Toque, a kind of guide in the midst of the falls and rises of currencies in Cuba, the euro in the European zone rose TODAY to 342 Cuban pesos. We reiterate One euro is equivalent in Cuba to 342 Cuban pesos.
While the American dollar is equivalent today to 338 Cuban pesos. One dollar is 338 pesos on average. And the MLC is bought and sold today at 280 Cuban pesos. This is the price of the dollar and euro in Cuba today.
Price of the dollar, euro in Cuba today April 2
It is important to note that, although the official market offers a fixed exchange rate, access to foreign currency is limited. This forces many Cubans to turn to the informal market, where prices are considerably higher. In the Central Bank, the American dollar continues to be bought at 120 Cuban pesos and the euro at 129 pesos, very far from the reality on the street.
The rise of the dollar and the euro in Cuba has a significant impact on the country’s economy, since it makes imports more expensive and makes the daily lives of citizens more difficult.
The causes of this phenomenon are complex and varied, but some of the influencing factors are the shortage of foreign currency, inflation and the economic crisis that the country is going through.
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