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Ulises Toirac Criticizes Cuba's Price Caps: "The Dollar and the CUP Are Worlds Apart"
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In a lengthy post circulating on social media, Toirac depicts the Cuban peso (CUP) as a "parallel reality" with no real value beyond the state-controlled domestic market.
He remarked, "The dollar and the CUP are worlds apart.
In July, the regime set the price of a 10 kg gas cylinder at 350 CUP through Resolution 155/2026, a 55% increase from the previous 225 CUP.
Regarding the price caps themselves, Toirac is blunt: "All they do is push the product into the black market and kick the can... on prices.
Inflation and Economic TransparencyThis warning aligns with what President Miguel Díaz-Canel acknowledged in June: that the caps "caused shortages."