The price of currencies in Cuba dawned at full speed today, April 9, in the informal exchange market, especially the American dollar, which has been rising non-stop for two consecutive days. We tell you below.
The beginning of this week brings with it less than encouraging news for the Cuban economy: the price of the dollar in the informal market has reached historical highs, surpassing the highest figures recorded to date. The escalation in the value of the US currency, added to the constant devaluation of the Cuban peso, aggravates the economic crisis that the country is experiencing.
As has become a constant in recent weeks, foreign currencies do not let up in the Cuban informal market. The US dollar, in particular, has experienced a dizzying rise, breaking records day following day. How is the price of currencies in Cuba today? We will detail it for you immediately.
Price of currencies in Cuba today
Unlike the dollar, and the Freely Convertible Currency (MLC), which also rose today, April 9, the euro presents relative stability this Tuesday, although they remain at considerably high levels. Higher than the rest of the hard currencies in the informal exchange market.
The escalation in the prices of foreign currencies, together with the devaluation of the Cuban peso, deepens the economic crisis that is plaguing the island. This situation translates into greater difficulty in acquiring basic products, a decrease in the purchasing power of the population and an uncertain outlook for the country’s economic future.
What is the price of currencies in Cuba today, according to the media outlet El Toque, which carries out a daily analysis? This Tuesday morning, the dollar reaches another record, and is bought and sold on average at 345 Cuban pesos. The MLC also rose to the average cost of 283 Cuban pesos and the euro in the European zone remains at 350 Cuban pesos at the exchange rate.
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