A week after the Cuban government finally confirmed the Next establishment of a new exchange market with floating rate, the euro He rebounded in the informal currency market.
Seven days agobefore Prime Minister Manuel Marrero announced the measure before the National Assembly, the European currency was quoted at 425 pesos (CUP), according to the independent media The touchused as a reference by sellers and currency buyers in Cuba outside the official rate.
To that value had dropped after a previous increase up to 430 Cup a few days ago. However, the next day “After Marrero’s announcement,” five pesos rose again to return to what was until that moment its maximum price in the year.
In the following days, the euro kept its escalation until it reached 435 pesos Last Saturday. In that value it remained until today, but with the progress of the morning there was a new climb to 440 CUP, which mark a new record in the informal market.
Meanwhile, the dollar and the MLC retain their values of the last days, after also experiencing some changes after the government announcement of last week.
The American currency was quoted this morning at 387 Cup, two pesos above that a week ago. That slight increase occurred The most recent weekend and also marks its maximum limit to date.
In the opposite direction, the MLC marches, which of the 230 Cup that was worth seven days ago, fell five pesos on Saturday to stand at the 225 CUP. This is its minimum price so far this year and also in much longer, due to its recoil in the informal market as a result of the dollarization promoted by the Cuban government.
However, so far the authorities have said that the electronic currency will remain operational on the island and its bank accounts will not disappear.
The current trend of the informal currency market occurs in the midst of an exacerbation of the current socioeconomic crisis on the island, marked by the chronicle lack of basic products, high inflation, prolonged blackouts and a sustained migratory wave.
The next exchange market with floating rate must enter into operation during the second half of the year, according to Marrero.
The new policy, according to the Head of Government, will update the exchange regimes, in search of reducing the monetary circulating high, which grew by 13.9 % year -on -year.
