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efectivo

World

Cubans are looking for cash in the middle of the shortage of banknotes and coins

Tens of Cubans line up in the banks before they open up to be able to withdraw the maximum allowed cash, an estimated $28, at a time when prices are fired and tickets are scarce. The informal market has grown in recent months due to a lack of resources, low consumption and high costs, and Cuba has had to take alternatives to prevent the economy from falling further with the increase in US sanctions.

Politics

Cuba faces a growing cash shortage as the weight swings against the dollar

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.