The US currency rushed again in the informal market on August 20, while the euro stands firm and the MLC resists around 200 pesos.
Madrid, Spain.- The dollar in the Informal market Cuban returned to register this August 20: he reached 405 pesos, confirming the ascending trend that marks the price of the currency so far this month.
According to the monitoring of the independent environment Eltoquethe US currency experienced a new increase in recent hours, after recently exceeding the 400 Cuban pesos barrier.
The euro also maintains its strength in the parallel market, with a stable value of 450 CUP that makes it the most expensive currency in circulation, while the freely convertible currency (MLC) continues in the environment of 200 pesos.
Other currencies, such as the Canadian dollar, the Swiss Franco or the Mexican peso, register slight variations, although they all reflect the same disorder pattern that affects the island’s exchange market.
The difference with the official rates published by the Central Bank of Cuba (BCC) remains abysmal: while the population officially accesses a type of 120 CUP per dollar, in interbank operations the value of 24 CUP is maintained, figures away from the daily reality of Cubans.
The climbing of the dollar and the euro, together with the stagnation of the MLC, reinforces the perception of economic instability in a context of persistent inflation and generalized shortage, where families must resort to the informal market to access currencies with which to solve basic needs.
