Search results for: MLC

Only Some 20 Tobacco Growers Accepted Tabacuba’s Offer To Exchange Their MLC for a Car

Some 300 producers were consulted: six chose Mercedes-Benz, about 15 opted for Foton rural vehicles, and the rest rejected the “stimulus.” 14ymedio, Havana, August 27,2025 — Tabacuba staged the delivery, this Tuesday, of six modern Mercedes-Benz to two Cuban tobacco growers to “encourage tobacco production.” In the announcement, the State did not admit, of course, … Continue reading “Only Some 20 Tobacco Growers Accepted Tabacuba’s Offer To Exchange Their MLC for a Car”

Cuba’s Tabacuba Aims To Encourage the Vegueros With More MLC, a Devalued Currency

The state company wants to sow 20,000 hectares nationwide, of which 14,623 -70%- will be in Pinar del Río. 14ymedio, Havana, August 23, 2025 — Desperate to boost a sector that is not doing as well as they hoped, the authorities of Tabacuba told the official press this Friday that for the new 2025-2026 campaign, … Continue reading “Cuba’s Tabacuba Aims To Encourage the Vegueros With More MLC, a Devalued Currency”

Cuban Government Cheats Doctors Returning From Mission in Angola and Gives Them MLC Instead of Dollars

Two doctors told ‘14ymedio‘ that the bank told them it did not have the foreign currency to pay them what they were owed under the contract upon their return to the island. 14ymedio, Natalia López Moya, Havana, June 12, 2025 — After years of being on a medical mission in Angola, the Cuban doctors, when … Continue reading “Cuban Government Cheats Doctors Returning From Mission in Angola and Gives Them MLC Instead of Dollars”

The Supermarket in ‘MLC’ on 3rd and 70th Succumbs to its Rival in Dollars

“It hasn’t been open for a month,” an employee of a small candy kiosk told ’14ymedio’. 14ymedio, Juan Diego Rodríguez, Havana, 8 June 2025 — The showdown between the American dollar and the freely convertible currency (MLC) continues to be won by the dollar. The supermarket on 3rd and 70th, in Havana, has finally succumbed … Continue reading “The Supermarket in ‘MLC’ on 3rd and 70th Succumbs to its Rival in Dollars”

The ‘MLC’ Is Not Dead in Cuba: New Stores Open in Freely Convertible Currency

 La Tienda Panamericana Primera del Cerro in Havana has just been inaugurated under this sales approach 14ymedio, Natalia López Moya/José Lassa, Havana, 10 March 2025 — The marquee at the entrance is still broken on one side, and the steps in front of the door still show their cracks, but the interior has changed. The … Continue reading “The ‘MLC’ Is Not Dead in Cuba: New Stores Open in Freely Convertible Currency”

Cuba: Waste of Light in the Dollar Store, Black as Pitch in the MLC Store

When the 3rd and 70th Free Currency Store went dark, customers had to rely on flashlights on their phones to get out. 14ymedio, José Lassa, Havana, 23 February 2025 — The dollar store at 3rd and 70th in Miramar, Havana, has been crowned the king of all the shops of its kind on the Island. … Continue reading “Cuba: Waste of Light in the Dollar Store, Black as Pitch in the MLC Store”

Fatally Injured, Cuba’s Hard Currency (MLC) Stores Refute the Official Speech About Their Continuation

The dollar stores that Tiendas Caribe and Cimex have begun to open in the provincial capitals have given their final blow. 14ymedio, José Lassa/Natalia López Moya, Havana, February 13, 2025 — “They have fans for sale in Roseland, hurry up,” writes a user in a WhatsApp group where hundreds of customers meet to monitor stores … Continue reading “Fatally Injured, Cuba’s Hard Currency (MLC) Stores Refute the Official Speech About Their Continuation”

The Adventure of Opening an Account in Cuba in MLC (Hard Currency)

14ymedio, Elías Amor Bravo, Economist, July 26, 2020 – Imagine that you’re going to your bank to open an account. One of the simplest operations in any country in the world. You really could save yourself the trouble, if you want, because online banks offer a way to do that. In Cuba, it’s more complicated, … Continue reading “The Adventure of Opening an Account in Cuba in MLC (Hard Currency)”

Cuban Authorities Admit They Haven’t Managed To Curb the Black Market in Foreign Currency

The Interior Ministry currently has more than 300 investigations open into the illegal buying and selling of foreign currencies 14ymedio, Madrid, 12 March 2026 — Three months after the introduction of a floating exchange rate in the official currency market aimed at fighting the illegal sale of foreign currency, “it’s no secret -the reality is … Continue reading “Cuban Authorities Admit They Haven’t Managed To Curb the Black Market in Foreign Currency”

Havana’s 3rd and 70th Supermarket, an Emblem of Dollarization, Is Half Empty and Has Unaffordable Prices

The building of the same name located across the street was dismantled and converted into a warehouse 14ymedio, Dario Hernandez, Havana, 12 February 2025 — It has been just over a year since the grand opening of Havana’s 3rd and 70th Supermarket, the figurehead of dollarization in Cuba, but it feels like a lifetime. The … Continue reading “Havana’s 3rd and 70th Supermarket, an Emblem of Dollarization, Is Half Empty and Has Unaffordable Prices”

Cuba’s Oil Union ‘Cupet’ Labels as ‘False’ a Statement Announcing the Suspension of Fuel Sales to the Public

Reporters from 14ymedio and users confirm widespread shortages in Havana and Matanzas 14ymedio, Havana / Matanzas, Olea Gallardo / Pablo Padilla Cruz, January 30, 2026 – “They’re all false, the capital is paralyzed.” Comments like this are how users in groups dedicated to gasoline sales in Havana responded to the  this Thursday about a false … Continue reading “Cuba’s Oil Union ‘Cupet’ Labels as ‘False’ a Statement Announcing the Suspension of Fuel Sales to the Public”

Cuban Bank Employees Are Still Awaiting ‘Guidance’ on Buying and Selling Dollars

“We ourselves have doubts. The banks are collecting foreign currency only; they haven’t given us the order yet to sell” 14ymedio, Havana, Darío Hernández, December 23, 2025 — Nearly a week after the Central Bank of Cuba (BCC) announced the implementation of a floating rate for the foreign exchange market, in addition to other official … Continue reading “Cuban Bank Employees Are Still Awaiting ‘Guidance’ on Buying and Selling Dollars”

Cuba’s Central Bank Sets the Floating Exchange Rate at 410 Pesos Per Dollar

In addition to the rates of 24 pesos to the dollar for state-owned enterprises and 120 for tourism, the Government creates a floating rate with the aim of capturing foreign currency from the informal market The Cuban economy awoke this December 18th to a long-announced development, carefully wrapped in the language of “graduality”: the Central … Continue reading “Cuba’s Central Bank Sets the Floating Exchange Rate at 410 Pesos Per Dollar”

Cuba: “Those Who Have Family Outside Survive Better; the Rest of Us Improvise”

New dollar stores feed the stomach and drive inequality in Guantánamo 14ymedio, Guantánamo, November 17, 2025 — In Guantánamo, the line in front of the La Fragancia store forms early. Some arrive with international cards, others carry the Cuban Classic but all have something in common: they have dollars to buy anything from shampoo to … Continue reading “Cuba: “Those Who Have Family Outside Survive Better; the Rest of Us Improvise””

After a Pause Caused by the Effects of Hurricane Melissa, in Cuba the Dollar Rises Again

Officialdom has failed in its attempt to disqualify the publication of informal exchange rates by El Toque 14ymedio, Madrid, November 10, 2025 — As expected by the specialists, after a few days of truce in which its price began a rapid fall from 490 pesos to 410, the dollar is back up strongly on the … Continue reading “After a Pause Caused by the Effects of Hurricane Melissa, in Cuba the Dollar Rises Again”