2023-09-08 12:26:34
After weeks of decline in Cuba’s informal exchange market (the black market for buying and selling currencies on the street), the American dollar is recovering and currently, according to the independent newspaper El Toque, it is regarding to catch up with the euro. The value of the Freely Convertible Currency (MLC) also continues to rise.
The update of this September 8, in the aforementioned half, indicates that the euro in the European zone is around 230 Cuban pesos in exchange, while the American dollar rose and reached 225 pesos in exchange on average. Little by little it is approaching the value of the euro and recovering what it lost in recent weeks. The MLC also passed the 200 peso barrier once more and is changing at 205 pesos today.
Although the banking policy of the Cuban government, described as “banking,” somewhat slowed the rise of currencies in the informal exchange market, the truth is that the weakness of the value of the Cuban peso is undeniable and cannot cope with the strength of currencies such as the dollar, the euro and others.
Exchange of the dollar, euro and other currencies in Cuba today
Although restrictions on withdrawing Cuban pesos in cash remain, the US dollar appears to be gaining confidence, and therefore an adjustment in exchange rates once morest the Cuban peso appears to be occurring. They all returned to the promotion in recent days.
After the fall of the previous days, the aforementioned adjustment was expected to occur, with an upward trend. Thus, it is possible that in the coming days the upward trend of recent days will continue.
While the currency exchange at the Central Bank of Cuba (BCC), the value is unchanged: the American dollar remains at 120 Cuban pesos today, the euro is quoted at 128 Cuban pesos, one of the lowest values in these months, and Others, such as the Canadian dollar, are around 87 Cuban pesos, the exchange rate in these state financial entities.
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