Search
Thursday, December 01, 2022

Cubans wake up early to buy dollars in cadeca, which is already worth 150 pesos in the informal market

Cubans wake up early to buy dollars in cadeca, which is already worth 150 pesos in the informal market

The night begins to cool on Santa Clara and after lunch, choleros They cross Vidal Park towards Exchange House (Cadeca). The custom is new but the method is as common as the island’s poverty and underdevelopment: endure all morning to guarantee one of the first places in the queue.

Loot: One hundred dollars “per head” that the government promises to sell to anyone arriving at a location. Like the Anthill, the people of Santa Clara barricaded themselves at the intersection of Cuba and Trista streets during the early hours of this Friday.

It is a central and important corner for the movement of the city, although it is interrupted by a long zinc fence, which slows down the traffic. The town’s residents are accustomed to clearing the barrier, which “protects” them from the ruins of the old Hotel Florida, to reach the branch of Cadeca and Banco de Credito y Comercio.

“Shiver performance was armed that night,” he recounts 14 Intervention One of his readers in Santa Clara. “More than a hundred people were waiting and everything was a mess. One man started shouting that it was cheeky and he couldn’t take it anymore.”

At ten o’clock at night, the man says, the atmosphere was already “hot”. From afar, in the park, the police didn’t lose a leg or a step choleros, “It is normal for them to patrol that area and, from time to time, they stop a drunk or unknown university student and ‘invite’ them to enter. almost“, add.

The police didn’t lose a leg or a step for ‘Coleros’. “It is normal for them to patrol that area and, from time to time, they stop a drunk or an uninvited university student and ‘invite’ them to enter the ‘angsbit'”

almost This is the name that the people of Santa Clara give to a small gray bus where officers correct their “inquiries”. “From there you go on a stretcher,” says the man, “that’s why choleros They even avoid it.

But even an imaginary beating or sudden arrest doesn’t deter those who must exchange their dollars. In cadeca, a gear mechanism that no one fully understands and which works on the basis of traps, tricks and bribes begins to turn.

Basic rule: stay grounded and be aware of other people’s movements. The quintessential euphemism, “look tail”, is the card of the sleeves of those who appear and disappear, exchanged with another, or double their place under all kinds of pretexts. .

The “dollar queue” is confusing and exhausting, with the added danger of knowing that everyone who enters or exits has money in their pockets, which entices city highways and robbers.

“I’m too scared to queue,” admits the man, who says he feels the same kind of neurosis in Cadka as he does in a row for chicken, coffee or a cigarette. The old selling of foreign exchange has become another business of the informal market.

In Kadeka, a gear mechanism that no one fully understands and which works on the basis of traps, tricks and kicks begins to turn

“But make no mistake,” he says, “it’s a small-time business, the ‘mafia’ of Santa Clara isn’t here. It’s the same people who ‘fight’ for a few pounds of meat or something. . cigars. The idea is spending time that others can’t or won’t spend. So they take the percentage.”

In times of greatest suffering, when there is no desire to shout or protest, the sun rises. Cadeca workers, with large remunerations, ventilate the establishment and begin calling the first numbers. But nothing guarantees that there will be dollars to meet demand.

“Everyone knows that you can spend early mornings and that everything is for pleasure,” concluded the man, “but that’s it. This is the only country where you can wait in line.”

Those who read the daily reports of the official press would not be able to detect any abnormality. With subtlety, the government is rearranging the exchange balance: every day it sells the most expensive dollar, but seeks to buy it at the lowest possible price.

Meanwhile, exchange rates in the informal market have skyrocketed. According to the monitoring of digital media, this Saturday reached the price of 150 pesos Touch, Those who experienced currency volatility during particular periods were quick to recognize that this was the figure at which the dollar was valued during the previous crisis.

At 149 and 148 pesos, the euro and freely convertible currency (MLC) almost touch the threshold of US currency. With these figures, phrases such as “recovering the purchasing power of wages in the Cuban peso” or “single exchange rate” devised by Minister Alejandro Gil Fernández are already terrifying economic humor jokes.

,

Support our work:

team of 14 Intervention Committed to serious journalism that reflects the darker Cuban reality. Thank you for joining us on this long road. We invite you to continue supporting us, but this time by becoming a member of our newsletter. Together we can continue to transform journalism in Cuba.

World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.

Latest News

Related Stories

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Thanks for submitting your comment!