Cuban Peso Sinks to Record 900/USD in Informal Market as Euro Nears 1,000
Published 11 h ago1 sourceEvidence: Unknown
In Cuba, merchants are refusing to accept low-denomination peso bills, and customers protest when given them as change, reflecting severe currency debasement as the dollar trades at 880 pesos. This signals accelerating inflation and informal dollarization, undermining the official currency's utility. The development highlights deepening economic dysfunction and potential social friction.
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