MIAMI, United States. – After the announcement of the island regime that it will buy all foreign currency but not sell it, Cubans have taken to social media to express their doubts and disapproval of the new measure.
“How will the currencies and MLCs be put to us now for those of us who need to buy them in the ‘informal market’ in order to later be able to buy them in the MLC stores (which, by the way, is still the only market in which today we can acquire something we need)”, asked on facebook the writer Nelson Simón, president of the UNEAC in Pinar del Río.
“Have they thought of us, the consumers?”, he also questioned.
“If the bank does not sell foreign currency, we will all have to go to the informal market. The need will cause the price of foreign currency in the ‘informal market’ to skyrocket above the rate set by the bank”, concluded the writer, who .
In this sense, the Facebook profile of the magazine Global World considered that the announcement of the Cuban regime had caused an “immediate effect” on the value of foreign currency in the informal market.
“The sale of dollars in the Cuban foreign exchange market skyrockets instantly, from 115 to 125 CUP per USD. The announcement by Economy Minister Alejandro Gil had the opposite effect. By promoting the purchase of dollars at 120 and denying the immediate sale of foreign currency, the informal markets immediately corrected themselves by raising the value of the currency by 10 pesos. [di]visa. It seems that the government was public enemy number one,” he says. a Global World publication.
For his part, the user Mayito Sánchez performed the following analysis: “The idea would be that if I enter Cuba with 100 dollars, the government will give me 12,000 pesos, right? So the street people would have to give me at least 15,000 or 20,000 for me to go with them. I would have to risk being scammed on the street, looking for someone who wants to haggle with me. It is easier for me at the airport or at Cadeca to sell them at 120”.
“Those who want to buy me on the street, who are the needy, spend a thousand and one nights to collect a little money in CUP to reach 120. Will they be able to collect more money to motivate me to sell them to them?” he asked.
“There will also be the usual ‘rich’, who will want to buy all the dollars that appear to monopolize them and have some control over the street market at astronomical prices.”
“It suits me,” he said. “Not the needy, they have been sovereignly screwed, but hey, that’s customary now,” she finished.
For his part, José Luis Gutiérrez Carballo opined that the measure reaffirmed the state of bankruptcy of the Cuban economy. “If the regime is going to buy at 120 and is not going to sell; How much will those who need thousands of dollars to emigrate have to buy it for?” he questioned.
“People of Cuba, I leave you with a question and you draw your own conclusions,” wrote Roniel Perez. “If the State values the dollar at 120 CUP (look, so much so that the black market was criticized) and the average salary is 4,000 pesos and something, then they pay us approximately 40 dollars a month, perhaps less, and [a] some few a little more. The question: What do you buy with 40 MLC or dollars in stores in MLC? Well, it doesn’t even last four days, my friends, ”she lamented.
For his part, Julio Antonio Pérez Suárez he said ironically that, if the Cuban government could not use the dollars in the international market due to the sanctions related to the US embargo, but announced the purchase and not the sale of dollars to the people at 120 CUP, it would be that the leaders bought them to go to Nicaragua . “Now that is a light at the end of the tunnel,” he concluded.
In the official program Mesa Redonda, where the authorities of the regime announced the measure this Wednesday, the Minister of Economy and Planning of the Island, Alejandro Gil Fernández, He assured that the 1×120 exchange rate and legality would be the greatest attraction for people to sell their currencies to the State.
“This measure does not generate any justification to increase prices at all. We are talking about buying foreign currency and giving Cuban pesos in exchange,” he announced.
“The biggest cost today is not having the foreign currency. The essential thing here is the offer in national currency. We have to expand the offers in the national currency. The fiscal deficit must be controlled. It is not a magic measure, it is an essential measure. The exchange rate of 120 is not equilibrium when we start selling it will go there. We will have to set a limit,” said the Castro minister.
According to Gil, the Government will start selling foreign currency “later on”. “We are going to venture into the sale of foreign currency to the population when there are purchase and sale operations,” he also said.
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