The devaluation of the Cuban peso has been a major topic of discussion in recent days, with a slight decline in the euro opening a parenthesis in the downward trend. Otto Ortiz, a critic of the government’s inaction in the face of currency rise, has spoken out against the measures taken thus far, stating that “the measure taken is to beat them out of fatigue.”
The opening value of the dollar in Cuba on May 10th saw a significant increase, according to infobae. This marks a new record for the price of both the euro and the dollar in the country, with the currency exchange market in the Cuban Directory reporting record prices for the dollar for the fourth day in a row.
The rising prices have sparked concern among Cubans, who are facing increasing financial strain as a result. The government’s response to the situation remains unclear, with many questioning what actions will be taken to address the devaluation of the peso and the impact it is having on the country’s economy.
As the situation continues to unfold, it is clear that the economic challenges facing Cuba are not going away anytime soon. Stay tuned for updates on this developing story.