The trend with the price of the American dollar and the euro in the informal currency market in Cuba continues to be upward and today, this Friday, February 16, it impacts with record figures, according to the trends of the buying and selling market on the street and social media groups.
The informal currency market in Cuba continues to set record prices for the main foreign currencies. Today, February 16, the euro, the US dollar and the Freely Convertible Currency (MLC) are sold well above the official exchange rate of the Central Bank of Cuba (BCC).
The Cuban peso, the national currency, continues to devalue and lose purchasing power. According to the independent media report The touch, the euro is quoted today at 308 Cuban pesos on the black market. This is how the euro is in Cuba today with a record price.
This currency has risen a lot in recent days, something that experts and citizens already expected. Cubans need this type of coins to buy hygiene products and food.
Price of the dollar and the euro in Cuba today
The US dollar also sells dearly, reaching 302 Cuban pesos. This currency, along with the euro, is one of the most requested by Cubans to cover their basic needs and buy in Freely Convertible Currency (MLC) stores.
The MLC, in turn, stands at 260 Cuban pesos. This virtual currency, equivalent to one dollar, has followed an upward trend in recent weeks.
The current situation of the currency market in Cuba shows the serious economic crisis that the country is suffering. The lack of foreign currency, the instability of the Cuban peso and distrust in the national currency are some of the factors that influence the increase in prices.
Currently, the informal currency market in Cuba is outside the control of the state. This means that exchange rates depend on the agents that intervene in this market, creating a situation of instability and risk for the population, who see how their salaries are worth less every day on the island. Meanwhile, the euro, the dollar and the MLC in Cuba today rise by the day.
