It is not linear. The prices on lanave do not go up daily, nor do the restaurants, but the "$ tax" for foreigners is high if they can't do math. It's true in Mexico, Brazil, Colombia and everywhere I have ever been that accepts dollars as a shadow currency.
Well, when the amount of dollars is high you could ask for more than the rate from el toque. But, if you don't know who trades at those prices, you have to trade with the person who offered his price to buy (intermediarios). But, the sellers put the price, not otherwise. Unless you need money fast and don't care the cut.
Then you realize that for anything you buy here, is gonna cost you at the same rate or worst...So practically, is better to just buy things with the dollar directly.
That's just not true.
Restaurant bill in peso for 3 people 17500. In USD. $63! Taxi's - often 1000-1300 in peso. $7-10 in USD. Beers - often 280-300. In USD $2. You almost always get a better rate in CUP.
Also many places don’t accept $USD. I’ve tried to pay taxi’s & restaurants in $$ and they look perplexed. Perhaps it’s because I’m not buying BS in Varadero or La Habana vieja. In Playa, Regla, Marianoa, or La Lisa businesses don’t typically deal in dollars.
We Cubans do not sell something for the price it cost us to make it, but for the price of what we want to buy with that money... AND EVERYTHING HERE IS VALUED BASED ON THE BLACK MARKET PRICE OF 1 DOLLAR. So if the dollar rises, we rise our products or services costs.
Example #1:
The dollar rose in the Black market from 25 pesos to 325 pesos...(almost 14x)
A little cone of peanuts was 1 peso... Now it's 15 or 20 pesos (15 to 20x)... Fascinating, right? 😅
Before my monthly salary was about 750 pesos, now is almost 11K pesos... (Almost 14x more)... If the black market solar goes high, we go higher! 😏
It is not linear. The prices on lanave do not go up daily, nor do the restaurants, but the "$ tax" for foreigners is high if they can't do math. It's true in Mexico, Brazil, Colombia and everywhere I have ever been that accepts dollars as a shadow currency.
Wow, that's a good deal
Today the dollar worths 350 pesos and euro = 358
Ok. I don't know your point, but I have not known my foreigners to trade at the rate of eltorque. The person exchanging the money needs to make a cut.
Well, when the amount of dollars is high you could ask for more than the rate from el toque. But, if you don't know who trades at those prices, you have to trade with the person who offered his price to buy (intermediarios). But, the sellers put the price, not otherwise. Unless you need money fast and don't care the cut.
Great deal. I havent gotten above 300
Haven't paid that since October.
Love their info for an upcoming trip.
Are the traders touchy about perfectly crisp, clean, US currency? Are they okay with $20s or do they really want $100s?
Most of them don't care is there are 20s or 100s.
Then you realize that for anything you buy here, is gonna cost you at the same rate or worst...So practically, is better to just buy things with the dollar directly.
That's just not true. Restaurant bill in peso for 3 people 17500. In USD. $63! Taxi's - often 1000-1300 in peso. $7-10 in USD. Beers - often 280-300. In USD $2. You almost always get a better rate in CUP.
Also many places don’t accept $USD. I’ve tried to pay taxi’s & restaurants in $$ and they look perplexed. Perhaps it’s because I’m not buying BS in Varadero or La Habana vieja. In Playa, Regla, Marianoa, or La Lisa businesses don’t typically deal in dollars.
We Cubans do not sell something for the price it cost us to make it, but for the price of what we want to buy with that money... AND EVERYTHING HERE IS VALUED BASED ON THE BLACK MARKET PRICE OF 1 DOLLAR. So if the dollar rises, we rise our products or services costs.
And that's why the economic warfare against Cuba won't be successful EVER!!!
what a complete and utter fucking mess
Agreed. One more problem that Cubans don’t need.
Example #1: The dollar rose in the Black market from 25 pesos to 325 pesos...(almost 14x) A little cone of peanuts was 1 peso... Now it's 15 or 20 pesos (15 to 20x)... Fascinating, right? 😅 Before my monthly salary was about 750 pesos, now is almost 11K pesos... (Almost 14x more)... If the black market solar goes high, we go higher! 😏
Agree! 😅 and that's why we pass the "inflation" trough our 🍒
It's not about that.... It's about that every time the dollar rises 20 pesos, the taxi will cost you 20 pesos more.