While the price of the currency has fallen from 395 to 345 since May 9, the official rate remains at 120
14ymedio, Havana, May 25, 2024 — Cuba’s network of currency Exchange Houses (Cadeca) denied this Friday that its branches will begin to sell US dollars at a rate of 1 for 375 pesos, instead of the rate of 120 currently in force. False information had circulated on social networks and alerted part of the population, forcing the state entity to clarify the situation.
“Any information received about our entity or its services from a source other than our official channels is totally false and unfounded,” Cadeca posted on its social networks.
The price of the dollar keeps the population tense due to its sudden drop to 345 pesos, according to El Toque, after having reached 395 on May 9. The fluctuation has occurred in the midst of a campaign to discredit El Toque in the official press, which accuses it of manipulating the exchange market at will and participating in a plot to provoke a social outbreak.
The euro and the freely convertible currency have also collapsed with the US currency
As Banco Metropolitano said on its social networks, the campaign – allegedly paid for by the US – aims to reach the bar of 400 pesos for one dollar on the third anniversary of the social outbreak of 11 July 2021. Along with the US currency, the euro and the freely convertible currency (MLC) have also plummeted, which are at 360 and 290 pesos respectively.
A similar drop occurred last September, when 14ymedio recorded a
