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Cuba's Peso Collapse Deepens Economic Divide and Inflation

11/9/2025

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Summary

Story summary

Cuba faces a severe economic crisis marked by the peso's collapse and high inflation.
The government has allowed dollarization, creating a divide between hard-currency holders and peso users.
Access to basic goods depends on foreign currency possession, producing social stratification, with an average salary around 4,000 CUP ($10) and inflation devaluing professional roles.

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Story summary

Cuba faces a severe economic crisis marked by the peso's collapse and high inflation.
The government has allowed dollarization, creating a divide between hard-currency holders and peso users.
Access to basic goods depends on foreign currency possession, producing social stratification, with an average salary around 4,000 CUP ($10) and inflation devaluing professional roles.