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Forex

Dollar Holds Steady Amid Euro Decline in Cuba's Informal Market

Guavy AI Editorial Team
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EUR USD
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The informal currency market in Cuba wrapped up Tuesday's trading session with mixed outcomes. The US dollar remained unchanged for the second day in a row, while the euro experienced a decline.

The dollar closed at an average of 673 Cuban pesos (CUP), with a buying rate of 670 CUP and a selling rate of 675 CUP. This stability reinforces its position after recent advances.

However, the official exchange rate set by the Central Bank of Cuba is significantly below the informal market's rates. The gap between the official dollar rate (601 CUP) and the informal rate (673 CUP) exceeds 70 pesos.

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