MIAMI, United States. — In the midst of the serious humanitarian crisis that Cuba is going through, the dollar reached a record price in the island’s informal market.
This Monday, the value of the US currency reached 200 Cuban pesos, according to the exchange rate recorded by the independent media The touch.
The exchange rate for the euro rose to 198 Cuban pesos, while the freely convertible currency (MLC) remains at 195.
The increase in the value of the price of the dollar is explained as part of the serious economic crisis in which the Caribbean country finds itself, now increased by the devastation left in its wake by Hurricane Ian, which swept through western Cuba and left the Island without electricity.
In this sense, the situation is much worse than that recorded in the same period last year, when Cuba was still suffering the consequences of the order and the crisis generated by the COVID-19 pandemic.
At that time, the value of the US dollar in relation to the Cuban peso was 1 x 65, a figure that was already far from the 1 x 24 maintained by the authorities.
Last August, the Cuban regime authorized the buy-sell dollars through the Exchange Houses. Likewise, the authorities valued the dollar at 120 Cuban pesos, a movement that, for many, sought to increase the entry of hard currency into the state coffers, as well as to put an end to the foreign exchange market in the country.
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