The value of the dollar in Cuba has continued to rise, breaking the barrier of 300 Cuban pesos. This increase was reported by the government page “El Dato,” which tracks the informal currency rate in the country.
According to the Cuban Directory, there are 13 reasons that explain why the dollar continues to rise in Cuba. From economic factors to political tensions, the currency is becoming more valuable in the country.
On April 29, the euro opened at a high value in Cuba, signaling further changes in the currency market. This fluctuation is causing concern among Cuban residents, who are seeing their purchasing power diminish as the dollar becomes more expensive.
The rising prices of foreign currencies in Cuba are a hot topic, with news outlets like infobae reporting on the phenomenon. As the dollar climbs in value, Cubans are feeling the effects on their daily lives.
Despite efforts by the government to stabilize the currency market, the price of the dollar continues to increase. It remains to be seen how this trend will impact the Cuban economy in the long term.