Economists warn that the dollar will soon exceed the threshold of 200 Cuban pesos. (EFE)
Independent economists do not rule out that the exchange rate will soon exceed the 200 bar and even reach 300 pesos to the USD.
HAVANA TIMES – The exchange rate in the informal market in Cuba is about to break the psychological barrier of 200 Cuban pesos (CUP) per dollar, and without expectations that the national currency will stop depreciating, according to economists consulted by EFE.
Even in the so-called Special Period of the 1990s — after the fall of the Soviet bloc — did the dollar reach the current exchange rate.
The informal market, the most important on the Island, is where many people stock up on dollars before joining the current wave of migration. Since October 2021, more than 180,000 Cubans have arrived in the United States, also a record number.
Two weeks ago, an official press release predicted that the dollar would…
