November begins with new currency prices in Cuba‘s black market, according to the daily analysis of the dollar, euro and Freely Convertible Currency (MLC) detailed by Toque. We also give the figures for the official currency exchange rates today at the Central Bank.
Price of currencies in Cuba today, Friday: how do the values of the dollar, the euro and the MLC begin this November 1 in the country? Has there been any increase in the cost of these currencies? Here, the details.
In the informal currency market in Cuba, the US dollar, the euro and the Freely Convertible Currency (MLC) remain relatively stable, without showing significant increases.
These figures contrast with the official rates of the Central Bank of Cuba (BCC), which also remain unchanged, although a notable difference persists with the unofficial market.
Currency prices this November in Cuba
Despite the stability of official figures, the parallel market remains the main reference point for those who want to buy or sell currencies.
According to the daily report of El Toque, the US dollar is quoted at 325 Cuban pesos. The MLC, the Cuban digital currency, remains unchanged in the informal market, with a value of 265 pesos.
The change in the price of currencies in Cuba, this November 1, starts with the European zone euro, which fell compared to yesterday, and stagnated again at a buying and selling exchange rate of 340 Cuban pesos. It has been this foreign currency that has changed its values the most in recent days in the informal market.
Meanwhile, the exchange system in Cuba continues to show a notable gap between the official rates of the Central Bank of Cuba (BCC) and black market prices and this November will be no exception. This is what the prices of currencies in Cuban banks look like at dawn.
#November #starts #currency #prices #Cuba #euro #dollar #MLC #today
**Interview with Currency Analyst, Maria Gomez, on Cuba’s Exchange Rate Dynamics**
**Interviewer:** Thank you for joining us today, Maria. We’ve seen some movement in Cuba’s currency market as November kicks off. Can you provide us with an overview of the current exchange rates for the U.S. dollar, euro, and Freely Convertible Currency (MLC) in the informal market?
**Maria Gomez:** Certainly! As of November 1st, the U.S. dollar is quoted at approximately 325 Cuban pesos in the informal market. The MLC, which is the Cuban digital currency, remains stable at 265 pesos. Interestingly, the euro has seen some fluctuations; it fell slightly compared to the previous day and is now trading at around 340 pesos.
**Interviewer:** It appears that the informal market continues to differ significantly from the official rates set by the Central Bank of Cuba. Can you elaborate on this disparity and its implications?
**Maria Gomez:** Absolutely. The gap between the official rates from the Central Bank and the black market rates is quite pronounced. While the official rates remain unchanged, the parallel market often serves as the primary reference point for currency transactions among the public. This discrepancy highlights the challenges faced in Cuba’s economic landscape, impacting how citizens engage with foreign currencies.
**Interviewer:** With the informal market being such a vital reference, do you think this situation will change in the near future, especially considering the beginning of the month often brings new fluctuations?
**Maria Gomez:** It’s tough to predict exact movements, but currently, the lack of significant increases in the major currencies might suggest a temporary stabilization. However, we often see volatility in the informal market due to various external and internal factors. Economic policies and global economic conditions could also play a role in future shifts.
**Interviewer:** Thank you, Maria, for your insights. It seems that as we move deeper into November, many will watch these trends closely for any shifts in the economic environment in Cuba.
**Maria Gomez:** Thank you for having me! It’s certainly a crucial time for many Cubans as they navigate these currency dynamics.
