Cuba's official exchange rate surpasses informal market for first time
Published 2 d ago1 sourceEvidence: Reported
Havana's iconic Ten Cent Chinese store reopens as Sumai, selling electric motorcycles, cars, and limited goods, but only accepts dollars, not Cuban pesos or Clásica cards. This marks a further step in Cuba's de facto dollarization and a shift in retail access, potentially widening economic inequality. The move signals continued erosion of the peso's role and may reflect broader economic policy changes under tightening sanctions.
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