Each the worth of the greenback and the euro register a major downward development within the casual foreign money market in Cuba, and the short-term forecasts are that they may proceed to lose worth.
Though numerous theories are rising that justify the autumn within the worth of foreign currency echange within the casual alternate market, the reality is that till now there’s a compelling cause that helps the revaluation of the nationwide foreign money towards them.
Apparently it is a self-correction in alternate charges following the speculative impulse of earlier weeks that took foreign currency echange to the brink of $400.00 Cuban pesos (CUP).
Nevertheless, this is good news for almost all of Cubans on the island, though it has not resulted in a reducing of the prices of meals and primary requirements.
Important demand of households, given the suffocating inflation they presently endure.
Alternate charges at this time in Cuba
In line with the statistics it collects and publishes day by day elToque In the present day the three essential currencies that intervene within the casual market endure one other appreciable drop of their values.
Within the case of the unitary foreign money of the European Union, it drops one other 5 pesos and is already buying and selling round $360.00 CUP. That’s, 40 pesos beneath the 400 barrier, a worth at which it remained for a number of days in the past.
Additionally the US greenback (USD) and the greenback deposited in Cuban banks (MLC) have fallen with the identical marker of 5 items within the final hours.
Within the case of the USD it reaches $350.00 CUP, sustaining its distinction of $10.00 CUP with respect to the euro, whereas the MLC drops to $290.00 CUP, a lot additional behind the previous.
- Worth of euro in Cuba at this time: $360.00 CUP
- Worth of greenback in Cuba at this time: $350.00 CUP
- Worth of the MLC in Cuba at this time: $290.00 CUP
- 1 euro equals: $1.24 MLC
- 1 USD equals $1.20 MLC.
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