Cuba informal FX hits record: euro 940, dollar 850 pesos

Cuba's informal currency market set new records as the euro reached 940 pesos and the dollar 850, with the MLC breaking 700 and the Canadian dollar at 540. This continues a trend of rapid depreciation of the Cuban peso amid severe economic crisis and dollar shortages. The widening gap between official and informal rates signals deepening economic stress and potential for further policy adjustments.

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