This Thursday, March 7, the price of the dollar in Cuba today dawned with a new increase and it seems unstoppable on its way to 320 pesos, equal to the euro in the European zone. As a result of the Cuban government’s measures to increase the cost of fuel and electricity, this is being felt in the black currency market. We tell you below.
According to the daily report of the independent media El Toque, the price of the US dollar in the informal currency market rose one point compared to the previous day, March 6. That is, this Thursday, it is exchanged or bought-sold at an average of 318 Cuban pesos for one dollar. Today The price of the dollar in Cuba is 318 pesos phear a green bill.
How do the euro and the Freely Convertible Currency (MLC) behave today, according to this same study? Well, the euro remains stuck at 320 Cuban pesos. One euro is worth 320 pesos on average, although in different provinces it may be above or below this price. This is an average. Meanwhile, the MLC has a price TODAY of 270 Cuban pesos.
This is how the price of the dollar behaves in Cuba TODAY
The average Cuban, who depends on foreign money to make basic purchases, is in a situation of anxiety due to the incessant increase in the price of hard currencies in Cuba. After several days of stability, the euro and the dollar finally skyrocketed, generating uncertainty and concern among the population.
The increase in the price of the dollar in Cuba today has a direct impact on the family economy, since it makes basic products more expensive and limits access to essential goods and services.
It is important to note that the exchange rates mentioned correspond to the informal currency market in Cuba, where the prices of foreign currencies are usually considerably higher than the official rates set by the Central Bank of Cuba.
This notable difference between the official rates and those of the informal market has its origin in the shortage of foreign currency that the country faces, a problem that has been accentuated by the devaluation of the Cuban peso. The lack of access to foreign currency in the official market forces many Cubans to turn to the informal market, where prices are higher, which directly affects their purchasing power and further limits their possibilities. This is how things are, with the price of the dollar in Cuba today.
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