Cuban Peso Sinks to Record 900/USD in Informal Market as Euro Nears 1,000

The Cuban peso has depreciated to a record 900 per dollar in the informal market, with the euro approaching 1,000, reflecting deepening inflation and the failure of recent economic reforms. The gap between official and informal rates signals persistent macroeconomic imbalances and eroding confidence in the national currency. This underscores the severity of Cuba's economic crisis, though the informal rate is not an official benchmark.

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