How is the dollar, euro and MLC in Cuba today? The informal currency market in Cuba registered today, February 14, another phigh price of the US dollar. The euro zone euro remains strong and the Freely Convertible Currency (MLC) also continues to rise. The national currency, the Cuban peso, continues its fall without anyone managing to put limits on it.
The main currencies woke up this Wednesday with higher prices than the previous day in the Cuban informal market. The euro, the dollar and the MLC are moving further and further away from the official exchange rate established by the Central Bank of Cuba (BCC), which shows the scarcity and high demand for foreign currency on the island.
The euro in the euro zone reached a price of 305 Cuban pesos, according to a report by the independent media El Toque. This currency has had a notable increase during the week, an increase that was predictable for experts and citizens, who were already expecting this scenario.
The US dollar is also trading at a high value, reaching 300 Cuban pesos. This currency, along with the euro, has become one of the most requested by Cubans to satisfy their basic needs and make purchases in Freely Convertible Currency (MLC) stores.
Dollar, euro in Cuba today
The MLC, for its part, stands at 260 Cuban pesos. This virtual currency, equivalent to one dollar, has had constant growth in recent weeks.
The current situation of the exchange market in Cuba reflects the serious economic crisis that the country is experiencing. The lack of liquidity in foreign currency, the instability of the Cuban peso and distrust in the national currency are some of the factors that influence the increase in prices.
It is important to highlight that the Cuban state currently has no control over the informal currency market. Exchange rates are determined by the actors involved in this market, which generates a situation of uncertainty and volatility for the population.
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