The dollar and the euro continue to rise while inflation hits families and businesses.
Madrid, Spain.- The US dollar reached on Tuesday the 450 Cuban pesos (CUP) in the informal market, a record that confirms the accelerated depreciation of the national currency in recent months.
According to the monitoring of The touch, The dollar reference value rose five pesos in just 24 hours, while the euro remains in 505 CUP and the freely convertible currency (MLC) is quoted at 210 CUP.
In the offers observed in social networks and sale groups, the green ticket ranges between 400 and 505 pesos, while the euro moves in a range of 480 to 525 Cup, a reflection of the strong inflationary pressure and the shortage of circulating currencies in the country.
Economists consulted by independent means warn that the upward trend responds to a combination of structural factors: the lack of liquidity of the State, the increase in internal prices, the partial dollarization of retail trade and uncertainty about a possible exchange reform announced by the Government and never specified.
Since July, the Cuban authorities have not offered information about the promised implementation of a new floating exchange system, which keeps the informal market as the main real reference for the population and small businesses.
The increase in the value of the dollar and the euro occurs in a context of persistent inflation, prolonged blackouts and falling purchasing power. Meanwhile, more and more establishments demand payments in foreign exchange, which leaves the Cuban weight lagged and with less purchasing capacity compared to market prices.
