| 21/01/2021 – 15:36 (GMT-4)
The exchange offices known as Cadeca in Cuba, will only sell Free Convertible Currency (MLC) to nationals leaving the country, said the president of this entity, Joaquín Alonso Vázquez.
In statements a Rebel radioThe official said the Cadecs plan to maintain MLC’s buying and selling services, “but with the shortage of tourism on the island” only the sale service will be offered to those traveling abroad.
“With the drastic decrease in tourists arriving in the country, we have a drastic decrease in the ability to sell MLC, so we have had to concentrate only the sale to those passengers who are going abroad and who need to reschedule, is that is, to sell us the convertible weights or weights they acquired when they came in, ”he explained.
Alonso Vázquez also stated that passengers will only be sold up to a maximum of currency equivalent to 300 CUC or 7200 Cuban pesos, which translates into $ 288 at the official exchange rate, and other currencies according to the rate handled by the bank that day.
“As long as these six months of the Sorting task“You can come with 300 CUC, which we will buy the CUC and with the weights we will give you the currency we have,” he said.
“Sometimes there are customers who want dollars, but if we don’t have dollars right now we have to give them euros,” the manager clarified.
The measure is similar to that applied in 2015 in Venezuela, when the government restricted the amount of preferentially priced foreign currency that could be bought to travel abroad, in an attempt to save some of its declining dollar income after the falling oil prices.
In the case of Cuba, the current exchange control ferry is responding to the fall in tourism, and to the crisis of the Cuban economic system, which is now trying to demand foreign exchange at any cost.
The measure could raise the cost of the dollar on the black market by up to 8 times its value, as happened in Caracas, or in the difficult years of the special period on the island.
In principle, the regime led by Miguel Díaz-Canel opened dollar stores where it sells basic necessities that are in short supply in stores in national currency, forcing Cubans who receive remittances to pay their dollars.
Those who do not have the benefit of earning dollars have seen their living conditions impoverish.
The situation worsened as a result of the implementation of the so-called ordinance task on January 1, 2021, when the government increase wages on an average of 2.9 times, however raise the price of products and services between 5 and 13 times.
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