Cuba's official exchange rate surpasses informal market for first time

Cuba's state exchange house (Cadeca) is now offering 917 pesos per dollar, slightly above the informal market's 915, a historic inversion. This signals a tightening of the informal market or a deliberate official rate adjustment, potentially reflecting government efforts to steer currency flows. The gap is narrow, but the reversal is unprecedented and may indicate shifting dynamics in Cuba's dual-currency system.

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