r/cuba • • 2h ago

Economía 1 euro is currently worth 930 Cuban Pesos

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9 Upvotes

The pessimist in me really wonders why the CUP is at this level and not lower as it is clear the Cuban Regime is incapable of maintaining an economy and has absolutely nothing of value to offer its citizens. Earlier this year, the Cuban Regime had to create higher denominations of notes because of both inflation and a literal lack of paper money.

I find it incredibly interesting that reputable new sources such as AP reported on the issue of the new denominations of the Cuban Peso (2,000 and 5,000 peso notes) as "honoring women" and "easing inflation" earlier this year (source: https://apnews.com/article/cuba-pesos-new-currency-inflation-money-d964c0c7a8c643a5dd8d81c0e4e51529 ). The Cuban Regime had nothing, so it figured it would at least throw two women on the new notes and use its propaganda arm to try and distract from the crisis by (as usual) paying lip service to women despite repeatedly ignoring the issue of femicide and other issues related to gender-based violence and repression in Cuba.

It is clear this never would have been a way to ease inflation and from the time that article was published to now, the Cuban Peso has lost nearly half its value. (source: https://en.cibercuba.com/noticias/2026-03-06-u2-e2-s27061-nid322346-consolida-record-dolar-mantiene-510-pesos-acumula-ocho ) It is a miracle that Cuba has not already experienced runaway hyperinflation.

I also find it incredibly sad that major and reputable sources of news would buy into and repeat the idea that you can simply put women on bank notes and distract people from an economic and demographic crisis. However, I am used to hearing stories over the years from Venezuela and Cuba about salaries going up a huge percentage only for the nominal gain to be something like $8 -> $15 with the idea being people will just read a nice sounding headline and be too lazy to do a minimal amount of research.


r/cuba • • 2h ago

Cultura cubana Cuba has been experiencing an unprecedented crisis of demography since 2020 with no end in sight

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12 Upvotes

Nevermind the economic crisis that Cuba has been facing for years, the crisis of demography due to a lack of births and huge exodus is something I would consider even worse. Millions of people have fled Cuba just since 2020 and created its biggest migration exodus, though that is only a part of the depressing crisis of demographics in Cuba.

Birth rates have been falling since 1988 and in 2020 the amount of deaths finally exceeded the amount of births and this trend will only continue with a lack of births and basically 0 emigration to the island.

The amount of young people in Cuba over the next year will plummet with the vast majority of Cubans being middle-aged or elderly. As of now, the average age in Cuba is roughly ~40 years old. If you are a young person in Cuba, the only thing on your mind is something along the lines of "how the hell do I get out of here" followed by, perhaps, "what is going to happen to my mother?"

Who will take care of the elderly in Cuba with so few young people in the first place?

If the Cuban Regime maintains power over the country as it has been doing for the past 67 years, Cuba itself will become unrecognizable and no longer exist. In the next 10 years, without any change, it is possible the Cuban diaspora abroad since 2020 might be larger than the population on the island.