Increase in dollar and euro prices

The dollar and euro rose for a second straight day in Cuba’s informal market on Monday, pointing to a possible gradual recovery in values. 22nd DecemberThe date on which the three reference currencies started to decline in price at street level.

This January 8, the dollar is sold at an average of 270 CUP, two pesos more In relation to the previous day, but three less than A record of 273 pesos was established on December 19.

The Euro is also up two pesos today at 274 CUPHowever Still far from the 280 pesos at which it was soldThe price of which it arrived on 15 December.

The freely convertible currency (MLC), for its part, remains at 245 CUP this MondayReported today by Independent Media touch In the daily rate reported by the currency exchange rate on the island.

The average score of buying and selling values ​​recorded in the last 24 hours Buy offers up to 272 pesos and sell offers at 275 for the euroWhich suggests that the European currency may continue to appreciate in value soon.

In the case of the dollar, the average is 267 CUP when buying and 270 when selling.

MLC, for its part, has the same price in both operations: 245 CUP.

The decline experienced by the three reference currencies began on December 22, two days after the Cuban Prime Minister Manuel Marrero Cruz Will announce it Starting in January, the official dollar rate in Cuba will change

However, he did not specify what the new value would be and the exact date on which it would come into effect.

During his speech before the National Assembly of People’s Power (ANPP) – Marrero did not miss the opportunity to criticize the independent media recording movements in the currency exchange in the island’s informal currency market.

Days later, he was Minister of Economy in Cuba. Alejandro Gilwho assured They would intervene in the informal currency market, which they described as “distortions”.

“The exchange market is one of the major distortions that the economy is facing and it is not by design. We did not design the exchange market to function in the country, but an important part of the foreign exchange that the non-state acquires. So in that market,” Gile. said in a television program round table.

For months the Cuban regime has been trying to shift the blame touch

Promoting a higher exchange rate would – according to the government – harm the Cuban economy and fuel inflation on the island.

A reference rate of touch It is prepared after analyzing buy and sell ads published on social networks and classifieds websites. From this result, a value is established which is used to determine the values ​​of the major currencies circulating in the country.