Inflation in Cuba continues to rise, reaching unprecedented levels. Both state commerce and the informal market record very high figures which directly affect every consumer on the island. If we talk about state trade, duty on imported liquor and tobacco was increased last January. This led to a 10.15% increase in strong cigars, the product … Read more
In the context of shortages and inflation resulting from the regime’s failed economic policies, Governor Miguel Díaz-Canel confirmed that currently more than 70 percent of Cuban family spending goes to purchasing food. At a meeting on the subject, he called for increased production of quality food “that reaches people’s tables” and “proposed to increase the … Read more
With European currencies getting a momentary reprieve, the US dollar (USD) and freely convertible currencies (MLCs) They saw their prices rise this Saturday in Cuba, Barely a peso higher than the previous day, the dollar is quoted in the unofficial foreign exchange market 315 Cuban Pesos (CUP)While MLC advanced two units and reached a price … Read more