US EditionDollar Takes Eight Wheels Down, but Demand for Foreign Exchange Coverage Grows
6 Articles
6 Articles
Short rates in pesos continue to rise, so the Central Bank will reopen a liquidity window tomorrow before a key tender
The Cuban peso was traded on Monday (11th) on the informal market with a record low of 400 per dollar as the partial dollarization of the state-dominated economy gained momentum and fueled social tensions in the face of the scarcity of commodities, galloping inflation and deteriorating infrastructure and public services.The communist regime of the import-dependent [...] The post Cuba: Currency reaches record low, dollarization gains ground first…
Strangely calm the exchange market was shown, waiting for the mega tender of bonds in Wednesday pesos
Historic record and breaking of the psychological barrier for the US dollar in the informal market in Cuba.
The U.S. dollar broke a new record this Monday in the Cuban informal exchange market by listing 400 pesos (CUP), representing a depreciation of 1,567 % of the national currency with respect to the green bill since the monetary reform of 2021. This new peak – recorded by the index produced by the independent El Toque, a benchmark for the informal market – coincides with the government’s process of partial dollarization of the economy, in a deep c…
Havana.- The U.S. dollar broke a new record this Monday in the Cuban informal exchange market when it was quoted at 400 pesos (CUP), representing a depreciation of 1,567 % of the national currency with respect to the green banknote since the monetary reform of 2021. This new maximum – recorded by the index produced by ...
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