The Cuban peso falls in the informal market to 500 per dollar, a historical low

Havana,.- The Cuban peso marked a historic low in the informal market this Tuesday, depreciating to 500 units per US dollar, amid growing pressure from Washington on the island. The benchmark indicator of the informal market, published daily by the independent media outlet El Toque, reached this mark after a 15% decrease in the relative value of the Cuban currency against the greenback so far this year. The oil siege that Washington has established over Cuba has generated intense uncertainty on the island, which was already in a deep economic crisis for six years with shortages of basic goods, high inflation, collapse of production and prolonged daily blackouts.

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