This Friday, March 15, 2024, Cuba wakes up with a new record in the price of the euro and the US dollar in the informal currency market on the island. The Freely Convertible Currency (MLC) remains stable, but not for long. This is how the prices are today.
The dollar and the euro on the island: upward trend continues. Although calm seemed to reign in the exchange market, the reality is that the upward trend of the dollar and the euro in the country has not stopped, and in fact, has experienced a significant rebound in recent weeks, with this Friday, the day that set a new record.
The US dollar has experienced a notable increase, exceeding the 300 peso barrier for the first time in history. The euro, for its part, has followed a similar trend, with a sustained rise that took it TODAY to 330 pesos.
Yes, indeed, according to the media’s daily study The touchthe euro of the European zone today reached 330 Cuban pesos. The euro is at 330 weights as average. Meanwhile, the American dollar rose in price to 323 Cuban pesos. The dollar in Cuba is at 323, average. Finally, the MLC remains at 270 pesos, although it should rise very soon.
Record of the euro and dollar in Cuba this March
The price of the dollar and the euro experience a new rise in Cuba this day. The volatility of the informal currency market on the island, susceptible to sudden changes, is evident once again. Fluctuations in the price of these currencies, especially the dollar and the euro, generate a considerable impact on the national economy, particularly in the pockets of “ordinary Cubans.”
Oscillations in the value of the dollar and the euro directly affect the cost of imports, the competitiveness of the private sector and, ultimately, the purchasing power of the population.
Meanwhile, from the Central Bank, the purchase of foreign currency is maintained at an official rate much lower than the reality of the informal exchange market, the American dollar is at 120, while the euro remains above 130 or 131 pesos.
