In another day of spectacular price increases, the dollar has hit a new record high in the Cuban exchange market. The Cuban Directory reports that both the euro and dollar are showing no signs of slowing down, making the salaries of Cubans increasingly meager.
According to DIARIO DE CUBA, the MLC (Moneda Libremente Convertible) has reached 290 pesos in the Cuban informal market, causing further financial strain on the country’s residents. CiberCuba also notes that the euro has seen a significant rise in price in Cuba, indicating more financial challenges ahead.
As the value of foreign currencies continues to soar in Cuba, many are left wondering how they will be able to afford basic necessities. The government has yet to address the ongoing economic crisis, leaving citizens to deal with the repercussions of these record-breaking currency fluctuations.