Cuba’s Currency Crisis Deepens Amid Inflation and Shortages
Matthew Walker2025-08-11T15:11:21-05:00August 11, 2025 The Cuban peso hit an all-time low on the informal market Monday, trading at 400 to the U.S. dollar. The slide comes as the partial dollarization of the state-dominated economy accelerates, deepening social tensions amid shortages of basic goods, runaway inflation, and a crumbling infrastructure and public services. The import-dependent country’s government