| 1 EUR | 375.00 CUP | |
| 1 USD | 363.00 CUP | |
| 1 MLC | 265.00 CUP | |
| 1 CAD | 225.00 CUP |
Growing Dollarization in Cuba Raises Concerns About the MLC's Future
Since late 2024, Cubans have grown anxious about the future of the MLC as dollar-only stores expand and the currency rapidly loses value. Despite official reassurances, both the MLC and the Cuban peso are devaluing, making access to dollarized goods harder—especially for those earning in pesos. The Cuban Observatory of Currencies and Finance warns that dollarization increases inequality and advises saving in foreign currencies. Forecasts show continued MLC decline and rising demand for dollars and euros.
INFORMAL FOREIGN EXCHANGE
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Growing Dollarization in Cuba Raises Concerns About the MLC's Future
Since late 2024, Cubans have grown anxious about the future of the MLC as dollar-only stores expand and the currency rapidly loses value. Despite official reassurances, both the MLC and the Cuban peso are devaluing, making access to dollarized goods harder—especially for those earning in pesos. The Cuban Observatory of Currencies and Finance warns that dollarization increases inequality and advises saving in foreign currencies. Forecasts show continued MLC decline and rising demand for dollars and euros.
INFORMAL FOREIGN EXCHANGE MARKET IN CUBA (REAL TIME)
LEGALIS
Acceso fácil a la legislación cubana
Most Liked
Opinion -
I’m Afraid of Trump
I’m afraid of Trump. Of Trump and his measures. Not his shoulder-to-shoulder measure, nor the circumference of his neck, but of everything that might occur to him while sleeping, if indeed he does sleep.
Most Read
