Key Takeaways
- 💥 Cuba accuses online news site El Toque of manipulating currency exchange rate
- 🇨🇺 El Toque criticized by Cuban government for publishing high dollar exchange rate
- 💵 Peso currency in Cuba has lost nearly half its value against the dollar in 2024
- 🚫 U.S. State Department did not immediately respond to allegations
- 📉 Independent economists link peso’s depreciation to economic crisis and high demand for dollars
- 🗞️ The news site in question is based in Spain and has ties to Cuban exiles
- 🤨 Cuba accuses the news site of spreading fake news and inciting violence in the country
- ⚠️ Tensions between Cuba and the US continue to escalate with these accusations
- 🧠 El Toque defends exchange rate tracker using AI
- 💰 Website El Toque faced backlash for publishing Cuban peso to dollar exchange rate higher than government levels
- 🛡 El Toque defended its exchange rate tracker, calling the accusations "ridiculous and unbelievable"
- 💸 Cuban people turn to the dollar as a safe haven due to currency depreciation
Cuba Accuses Online News Site El Toque of Manipulating Currency Exchange Rate
Cuba has recently accused the online news site El Toque of manipulating the currency exchange rate, specifically regarding the dollar exchange rate. The Cuban government criticized El Toque for publishing a high dollar exchange rate that was not in line with official figures. This accusation comes as the peso currency in Cuba has lost nearly half its value against the dollar in 2024, leading to economic challenges for the country.
Allegations and Response
The U.S. State Department did not immediately respond to these allegations, further fueling tensions between Cuba and the United States. Independent economists have linked the peso’s rapid depreciation to the ongoing economic crisis in Cuba and the high demand for dollars. The Cuban government has gone as far as to accuse El Toque of being part of a US-backed plot to sabotage the country, claiming the news site is spreading fake news and inciting violence.
Defending the Exchange Rate Tracker
In response to these accusations, El Toque defended its exchange rate tracker using artificial intelligence, dismissing the claims as "ridiculous and unbelievable." The news site, based in Spain and with ties to Cuban exiles, faced backlash for publishing a peso to dollar exchange rate higher than the government’s official levels. Despite the criticism, El Toque reiterated its commitment to providing accurate information to the public.
Impact on Cuban Economy
The situation has led to Cuban citizens turning to the dollar as a safe haven amidst the currency depreciation, further complicating the economic landscape in the country. As tensions between Cuba and the US continue to escalate over these allegations, the future repercussions on both the economy and diplomatic relations remain uncertain.