Currency Exchange
The blue dollar closed on October 31 at 1,445 pesos for selling, after a slight variation from the previous day. The Merval index hit a historic high above 3 million points, driven by electoral support for the government. The country risk fell to 657 basis points, its lowest level in nine months.
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El Toque, a Cuban platform, defends publishing its Representative Informal Market Currency Exchange Rate amid accusations of fueling inflation. Author Eloy Viera Cañive argues that such criticisms reflect cognitive dissonance, as the government upholds an unrealistic official rate of 1 USD to 120 Cuban pesos. The piece highlights the Cuban regime's lack of transparency instead.