Thursday, November 30, 2023

The freely convertible currency falls after a sudden rise in value

The freely convertible currency (MLC) decreased its value by one Cuban peso (CUP) this Tuesday, following the trend marked in the last 48 hours, where it began to deflate after a sudden increase in its value.

After making a remarkable jump of five pesos at a time on Saturday, to stand at 225 CUP (a number that marks a record in his case), the MLC lost steam and This Tuesday it is located in the informal market at the price of 222 CUP.

The dollar and euro, for their part, maintained their values ​​from the previous day on October 10, at 250 and 260 pesos, respectively.

Three weeks ago The dollar will reach 250 CUP on September 19the same record number that was reached in August and then disappeared in a few days.

For its part, the European currency has not changed in almost a week, since Wednesday it has increased by two points in its informal price. and reaches a record figure of 260 Cuban pesos.

MLC, the virtual currency used in Cuba to make purchases in stores set up for that purpose, It remained at 220 pesos since September 21that is, for more than two weeks before the sudden increase of five pesos that created an “unstable market” alert for that currency.

The price of reference currencies on the Cuban black market rose throughout July and most of August. However, at the end of August the three currencies began to fall, highlighting the instability of the informal buying and selling of money in Cuba.

The reference rate of The touch It is prepared after analyzing all the buy and sell ads published on social networks and classified websites. With this result, a price is established that is used to determine the values ​​of the main currencies circulating in the country.

World Nation News Desk
World Nation News Desk
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