Every day of the last week of March 2024, we wake up to the news of an increase in the price of the dollar or euro in the Cuban exchange market. There is no relief for the already depressed wallets of “ordinary” Cubans. The price of the US dollar in Cuba’s informal market reached a … Read more
Record prices for the euro continue in Cuba. The European bloc’s currency is leading the rise in prices at the informal currency exchange market on the island this March 26. We give its details below. The euro starts the day with an unprecedented surge in the informal currency exchange market in Cuba, recording an unprecedented … Read more
How did the dollar, euro, and freely convertible currencies (MLCs) emerge in the informal currency market in Cuba? The continued increase in the value of these currencies leaves ordinary Cubans who depend on this support for basic purchases in uncertainty. The unofficial currency market in Cuba opened this March 5 with stable prices of the … Read more
How is the euro worth in Cuba today? This February 11, the price of the euro skyrocketed in the informal currency market in the European region. Given the high demand and low availability, records are set in foreign exchange every day in Cuba. The national currency, the Cuban peso, continues to lose value against foreign … Read more