How did the price of the US dollar, the euro and the Freely Convertible Currency (MLC) appear in Cuba today? The North American currency appears this February 23 with a new, higher price in the informal currency market on the island. The MLC also increased in value.
According to the independent media El Toque, the dollar set its informal price today, at nothing more and nothing less than 310 Cuban pesos for each one bill. It rose three pesos compared to the previous day. While the euro of the European zone remains the most expensive in the black currency market on the island, with a purchase and sale cost of 315 pesos.
As for the MLC, it also rose one peso, and today it is bought and sold at the average of 264 Cuban pesos. These currencies are highly requested by Cubans to purchase essential goods in MLC stores. Also to carry out immigration procedures.
Today, the currency exchange market in Cuba is experiencing an increase in the prices of major international currencies, such as the US dollar and the euro. These changes can have a significant impact on the Cuban economy, which is highly dependent on the circulation of currency.
Price of the dollar, euro and MLC today in Cuba
The Cuban peso, the official currency of Cuba, is in a process of constant depreciation and is losing its value once morest foreign currencies. This is a reflection of the serious economic crisis that the country is going through, marked by a shortage of foreign currency, monetary instability and a lack of confidence in the local currency.
Today a record was recorded in the price of currencies in Cuba, especially the American dollar. The unofficial currency market in Cuba operates without government supervision, so exchange rates vary according to the supply and demand of the actors in this market. This generates a climate of uncertainty and risk for citizens, who see how their purchasing power is devalued day by day.
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