Havana Cuba. – The price of the dollar in the informal market has reached where many believed it would never reach, while the deaths of the “medio”, the “peseta” and the “morocota” – which today are found lying in the street like times what happened with the “quilo”—the corpses of the 5, 10 and 20 Cuban peso bills have been added, which will soon be followed by the 50, since the 1,000 bill a while ago replaced the 100 which, without a doubt, just 10 years ago yielded much more, since it could be exchanged for 4 CUC at the exchange offices (and without waiting in line) and up to five dollars on the street, when the green bill was only available to a few Cubans who traveled they wanted it.
But today a 1,000 bill—the same one that when it entered circulation in February 2015, no one wanted in their wallets because it was difficult to let go of it in a store—is not even enough to buy three dollars when these are quoted at 350 pesos per unit, threatening to soon reach 500 to 1 even when the regime announces that it will take urgent measures to stop its rise, or at least to bring the official rate closer to the informal one, which will end up launching the exchange on the street to infinity and more there.
No “good forecast” or threat has stopped the dollar and even those publications under false profiles on social networks have disappeared, most of them attributed to the so-called “cyberclarias”, which used to announce a “downturn” by clinging to any rumor, measure or “encouraging” news that barely served to slow down the slide of the Cuban peso, as happened in May 2022 when Joe Biden’s government announced a series of measures that would make the embargo more flexible and then, in the midst of the panic of resellers, the dollar fell almost 90 pesos per unit.
That was the great moment of “glory” for those who, outside of power, once thought of stopping inflation only through campaigns on Facebook (and not with real economic and, above all, political reforms), but their enthusiasm barely lasted a moment. couple of weeks. Perhaps long enough for a few scoundrels to collect all that dollar that, out of fear of devaluation, people pulled out from under their mattresses. These “continuity” guys are bugs!
Let us keep in mind that already in the summer of that same year (2022) the informal exchange of the dollar once again greatly exceeded 100 Cuban pesos, and then in the first days of August the communist government itself announced that it would give 120 pesos for the greenback. in Cadeca, taking as a reference the value of the street, even though the “late” Alejandro Gil said in full Round table that they had set that price after a “deep analysis”, although now, after his explosion, and knowing what the “good minister” was up to, we already know to what depths he was diving.
If there were no bad intentions, then there were too many coincidences, so many as to suspect that those who claimed that the hand of the Cuban Government—or at least of people protected under its protection—could be seen in the publications of some currency resellers were completely right. , a market where every owner of a “business” must go, even when his initial capital has come from “outside.” At the end of the day, sales must be made in Cuban pesos and then to convert the profits to “green” and once again replenish merchandise, there is no other way to do it than by going to the informal currency market.
It is not impossible, but it is very difficult to get to know who are the true owners of those “enterprises” that require the most dollars for their existence and, above all, for their success, which would give us a vision of who the most involved people really are and They even benefit greatly from the current informal currency market.
We know that, in Cuba, one thing can be read in the “official” documents when in reality another thing happens whose truth is much closer to rumors than to the official version and data, and the corruption case of Alejandro Gil, the Minister of Economy himself, although they have wanted to sell it to us as an exception, we suspect with a large volume of evidence that it is actually the rule of a system, which under the old pretext of “evading the blockade” gives protection to these and other “corruptions” of old data, such as those related to operations in tax havens and with countless companies off-shore that we know are associated with state companies and ministries by their directors-prestanames.
Without a doubt, something similar is happening with the rise of so-called MSMEs. Some of them, although they appear registered as independent entities, are nothing more than the result of the multiple division of other companies, state or private, which have seen in this process of “branching” a way of camouflage to grow unlimitedly without attracting attention, not from the Cuban regime—which knows the strategy well and even wrote the laws and created the conditions for this to happen—but from public scrutiny.
The worst part is that today we know more about the indiscretions and vanities of their true owners, as well as the arrogance and arrogance of others, than about success, fame, prosperity, impunity, permissibility and immunity from the police. , prosecutors and inspectors of the main “private businesses” that we know are more the result of being born and living in the shadow of power, under its protection, than of personal sacrifices, and the thousands of businesses that have succumbed can testify to this due to the naivety of its owners, who believed in what appears in the News of Cuban Television, but also the little sons and daughters of mom and dad, the “spoiled little grandchildren” who have revealed themselves as “new actors” in the economy.
The dollar is “ruled”, while the Cuban peso is falling apart, like a body that is rotting, the bosses publicly lament the situation but we all get the impression that they don’t want to do anything to reverse it, perhaps because in reality they are “lost”, but if tomorrow or the day after, or in a month, they appear with an “update” of the official exchange rate that again emulates the informal one, then we will know that they are actually feeling at their best , in good harmony with currency resellers.
OPINION ARTICLE
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2024-04-15 04:36:16
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