Inflation continues galloping in Cuba and the informal exchange market or “black market” and its upward trend is another sign of the little value that the national currency, the Cuban peso, has right now. The euro of the Schengen zone continues to be the strong currency that is best exchanged on the street, totally on the rise, according to the daily updates of the independent media The touch.
On the day of this July 13, the euro reached the exchange in the informal market of 220 Cuban pesos for a bill of this type. In a long-term analysis, the specialists of the aforementioned medium believe that the euro will go above 230 pesos at the end of this month. It would never go below 200 pesos in the worst case scenario. In other words, the trend will continue to rise this summer. Until where?
And if the euro continues to rise, the US dollar is not far behind, since this July 13 it is exchanged on the street, on average, over 210 Cuban pesos, but it is expected that by the end of July it will exceed the figure of 220 pesos. Without half measures, strong currencies will continue to increase their value with respect to the Cuban peso, in the midst of inflation on the island that has no brakes.
How is the exchange of euro, dollar and MLC in Cuba?
The Freely Convertible Currency (MLC), the virtual currency on the island, which is used to purchase products in stores for this purpose throughout the country, is being exchanged today, July 13, 2023, at 195 Cuban pesos each MLC. And the trend, like the rest of the currencies, is upward. It is expected that at the end of this month the change of 200 pesos will pass.
And how is the currency exchange in the Cuban banks? The daily report of Banco Centralexplains for this day, that the dollar is still at 120 pesos for the state, when you find it, the euro in Cuba is at 133 Cuban pesos today and the Canadian dollar, another of the currencies that is most exchanged for Canadian tourism, is in 91 Cuban pesos.
