Crisis in Cuba: the dollar hit a new high and a fire at a power plant left 75% of the island without electricity

The US dollar reached a new record high in Cuba's informal market amid a deepening crisis on the island, compounded by a fire at a major thermoelectric power plant that left 75.5 percent of the territory without electricity during peak hours.

Simultaneously, the foreign exchange market in the Dominican Republic recorded a sharp uptick, with the US dollar selling at 61.68 pesos and buying at 61.15 pesos. This movement represents an accumulation of a 2.6 percent and 2.9 percent appreciation, respectively, reinforcing an upward trend that has been ongoing since late September.