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On the island, cash has become a daily difficulty as inflation and weight loss aggravate purchasing power. Citizens make long lines to withdraw up to 20,000 pesos, about 28 dollars at the informal exchange, while the Government puts in circulation new high-denomination notes. The Cuban currency this week reached 700 pesos per dollar, a cost ten times more than in 2021.
On the island, cash has become a daily difficulty as inflation and weight loss aggravate purchasing power. Citizens make long lines to withdraw up to 20,000 pesos, about 28 dollars at the informal exchange, while the Government puts in circulation new high-denomination notes. The Cuban currency this week reached 700 pesos per dollar, a cost ten times more than in 2021.
