Dollar and Euro continue to rise in the Cuban informal market

Dollar and Euro continue to rise in the Cuban informal market

HAVANA, March 22. The price of the dollar and the euro increased in the informal currency exchange market in Cuba this Friday.

The independent press outlet El Toque, in its daily report on rates in the informal currency market in Cuba, noted that the euro is trading at 334 CUP, rising four points compared to the previous day.

In the case of the dollar, an increase in its value is also seen, to 326 CUP, one peso more than on Thursday. However, the freely convertible currency (MLC) remained at the previous day’s value, 275 CUP.

Inflation continues its upward trend on the island and a reflection of this is in the increase in the value of currencies in the informal exchange market.

The prices of the dollar, the euro and the MLC had been stable for more or less a week, but since March 21 they began to rise, resuming the behavior they had previously.

The Cuban regime insists that the uncontrolled inflation hitting the country is not due to its wrong policies. They blame the economic crisis in Cuba on the United States government and the independent media.

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