Cuban peso hits a record low against the US dollar in informal markets
Government
HAVANA (AP) — The Cuban peso hit an all-time low Wednesday against the U.S. dollar in Cuba’s widely used informal market, reflecting a deepening crisis as the Trump administration’s restrictions on oil imports further choke the island’s economy. The currency hit 500 pesos to the dollar in informal channels, according to the independent news website El Toque, which provides regular updates on Cuba’s peso. That compares with about 400 last summer. The informal rate — often negotiated on WhatsApp
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