A newly opened supermarket in Havana's 3rd and 70 area, operated by the Cuban government, stands in stark contrast to its predecessor, which dealt in Moneda Libremente Convertible (MLC). This modern store is well-stocked with both local and international products, but it exclusively accepts cash in dollars or cards linked to foreign currency accounts. This policy effectively bars most Cubans from accessing its offerings.
A video shared by La Kinkalla TV on Facebook showcases shelves brimming with Bravo cold cuts, local beers and soft drinks, Vima frozen goods, and a variety of meats including chicken, pork, turkey, and beef. Shoppers can also find juices, oils, pastas, cookies, and other sweets. Additionally, the supermarket features sections for personal care, cleaning supplies, household items, and appliances.
High Prices at the 3rd and 70 Supermarket
The prices at this new supermarket are beyond reach for most Cuban citizens. For instance, a 500-gram panettone is priced at $15.20, a figure that far exceeds the average monthly salary in Cuban Pesos (CUP).
"Many are able to shop because of Cubans who have left," remarked the video's creator, referencing the diaspora that sends remittances to support their families on the island.
Cash in Dollars or Nothing
The supermarket is part of the Gran Muthu Habana Hotel, which opened in 2023 and is managed by MGM Muthu Hotels and the Gaviota group, both under the control of the regime's military leadership. Payments can be made in cash dollars, with Fincimex's Classic card, or with a special GAESA financial card that can be topped up from abroad.
This store, complete with an appliance department, serves as an exclusive shopping destination for those with access to foreign currency.
Dollarization and Inequality in Cuba
This market is a glaring example of the growing dollarization of the Cuban economy, where the government prioritizes dollar sales, leaving citizens struggling with a rapidly devaluing Cuban peso. These exclusive stores highlight the deep societal inequalities and how reliance on foreign currency exacerbates the island’s economic and social crises.
Understanding the Impact of Dollarization in Cuba
Why does the new supermarket in Havana only accept dollars?
The supermarket is designed to attract foreign currency, which the Cuban government prioritizes over the local currency. This strategy is part of a broader shift towards dollarization in the Cuban economy.
What products are available at the new supermarket?
The store offers a wide range of goods, including local and international foods, personal care items, household supplies, and appliances. It is notably well-stocked compared to other stores on the island.
How does the pricing at the supermarket affect Cuban citizens?
The high prices, such as $15.20 for a panettone, are unaffordable for most Cubans, whose salaries in CUP do not match the cost of goods priced in dollars.